DUBAI, UAE, May 27, 2024 /PRNewswire/ -- XRP Healthcare, a
pioneering company at the intersection of blockchain and
healthcare, has announced a strategic move to halt its XRP to XRPH
token swap facility come June 7th,
2024, or as soon as its allocated XRPH Swap facility tokens
have been depleted. This decision comes in response to the
unprecedented demand for its XRPH tokens, underscoring the
importance of preserving the finite supply for its existing
exchange platforms and the revolutionary XRP Healthcare
Prescription Savings Card App available Google Play and Apple Store
where it can be used in up to 68,000 pharmacies such as Walmarts,
CVS and Walgreens for up to 80% savings off prescriptions and
medications in return for $1.00 of
XRPH tokens each time the card is used.
![XRP Healthcare Stops XRP to XRPH Swap Facility, Ensuring Token Scarcity on June 7th XRP Healthcare Stops XRP to XRPH Swap Facility, Ensuring Token Scarcity on June 7th](https://mma.prnewswire.com/media/2422179/XRP_Healthcare.jpg)
With a fixed total supply of just 100 million XRPH tokens and
the issuing account blackholed to prevent any future issuance, XRP
Healthcare is committed to maintaining the scarcity of its tokens.
A Blackholed issuing account means that no additional tokens can
ever be created, ensuring the total supply remains constant. This
is in stark contrast to centralized financial systems, where
governments and central banks can print more fiat money at will.
Examples include the Federal Reserve in the United States and the European Central
Bank, both of which have engaged in significant monetary expansion
in recent years - Over time, this increase in fiat money supply can
lead to inflation, diminishing the value of the currency.
"Halting the swap facility is a crucial step in ensuring the
long-term integrity and scarcity of XRPH tokens," said Kain Roomes, CEO and Founder of XRP Healthcare.
"By Blackholing the issuing account, we are aligning with the best
practices in the cryptocurrency space to maintain the value of our
tokens for our consumers."
Scarcity has long been a fundamental principle in the crypto
world. A prime example is Bitcoin, which undergoes a "halving"
event approximately every four years. The most recent halving took
place in April 2024, reducing the
reward for mining new blocks by half. This process inherently
limits the supply of new Bitcoins, contributing to its status as
"digital gold" and often leading to significant price appreciation
post-halving.
"By halting the swap facility, we are taking a proactive
approach to managing our token supply, much like the mechanisms
seen in successful cryptocurrencies such as Bitcoin and Ethereum,"
said Laban Roomes, Business Development Officer at XRP Healthcare.
"This ensures our consumers benefit from a finite supply of XRPH
tokens which day by day are becoming increasingly scarce".
XRP Healthcare has also made significant strides recently, with
the XRPH token rising from a CoinMarketCap position of over 3500 to
its current position of around 1400.
Adding further to the trust and transparency the XRPH token
supply is verified on CoinMarketCap (CMC), and operates as a
validator node on the XRPL.
Furthermore, the company's expansion plans in Uganda and the wider African region are well
underway. This includes the successful registration of its
Trademark in Uganda, a necessary
requirement to brand private healthcare acquisitions of pharmacies,
medical centres and hospitals with its logo - along with its
commitment to be self-autonomous, and to not rely on any third
parties.
XRP Healthcare is raising its own funds to begin the mergers and
acquisitions of private healthcare facilities in the region.
The company has also appointed Uganda-born Peter Waiswa, an advisor to
UNICEF, WHO, and the Bill and Melinda Gates Foundation, to their
advisory board. XRP Healthcare appears to be completely focused on
potentially disrupting and impacting the African healthcare
system.
"In a market where the scarcity of digital assets is a critical
component of their appeal, our initiative demonstrates a proactive
stance in safeguarding the integrity and worth of XRPH tokens,"
added Whitney Lynn, Chairman of XRP
Healthcare. "This move not only responds to current market dynamics
but also positions XRPH as a valuable and sought-after token in the
burgeoning field of blockchain-based healthcare solutions."
About XRP Healthcare
XRP Healthcare is the first Pharma and Healthcare platform on
the XRP Ledger, enabling fast global payments, improving healthcare
access in emerging markets, and creating real-world utility by
transforming global healthcare through mergers, acquisitions and
blockchain.
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