XRP Healthcare Halts XRPH Swaps to Drive Token Scarcity

XRP Healthcare mulls a bold plan to drive XRPH token scarcity and preserve its finite supply.

Man stopping the transaction between a XRPH pills and XRP coins whilst standing on clouds.
Created by Gabor Kovacs from DailyCoin
  • XRP Healthcare has announced a new plan for its native token.
  • The Web3 company aims to foster the token’s scarcity.
  • The company said the token’s scarcity is a “critical component of appeal.”

Blockchain-centric Pharma and Healthcare platform XRP Healthcare announced on Monday a strategic move to stop its XRP to XRPH token swap facility as a response to the “unprecedented demand” for XRPH tokens.

XRPH is XRP Healthcare’s native token and its utility can be leveraged to buy a range of healthcare products and services at the company’s decentralized marketplace. As of press time, the token was trading at $0.04718 with a circulating supply of 70,708,715 XRPH, CoinMarketCap data shows.

Driving XRPH Token Scarcity  

In a press release dated May 27, XRP Healthcare said that it would stop its new swap feature on June 7 this year or as soon as the company’s XRPH Swap facility tokens “have been depleted.”


The company stated that the move was informed by the need to preserve the finite supply and availability of XRPH tokens, ensuring that they can continue to be used in up to 68,000 pharmacies, such as Walmart, CVS, and Walgreens.

According to Laban Roomes, Business Development Officer at XRP Healthcare, this proactive approach embodies the supply control mechanisms employed by Bitcoin and Ethereum.

“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.” Roomes stated. “This ensures our consumers benefit from a finite supply of XRPH tokens which day by day are becoming increasingly scarce.”

In addition to halting the token swap facility, XRP Healthcare is also keen on blackholing XRPH’s issuing account to prevent further issuance of the token.


Read how XRP Healthcare recently became a network validator:
XRP Healthcare Advances as XRPL Network Validator

Stay updated on the XRP vs. SEC legal battle:
XRP vs SEC Legal Battle Heats Up, Will Price Feel the Burn?

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.