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.
Photo -
https://mma.prnewswire.com/media/2422179/XRP_Healthcare.jpg
Logo -
https://mma.prnewswire.com/media/2365357/XRP_Healthcare_Logo.jpg
View original content to download
multimedia:https://www.prnewswire.com/news-releases/xrp-healthcare-stops-xrp-to-xrph-swap-facility-ensuring-token-scarcity-on-june-7th-302155739.html
SOURCE XRP Healthcare