Ethereum

Bitcoin

April

Liquidity Network

Fintech company Ripple has introduced its liquidity solution for businesses to bridge the gap between cryptocurrencies and fiat currencies. 
The Ripple liquidity hub, which was launched on April 13 following a successful pilot last year, operates as a separate solution in addition to the company’s on-demand liquidity (ODL) cross-border payments service. 
As a global liquidity network, it provides partners with access to payout rails around the world. 
The liquidity hub has been developed from an enterprise perspective and offers digital assets from various market makers, including crypto exchanges and over-the-counter trading desks. 
Enterprises can obtain liquidity from large pools of deep liquidity, including US dollars, Bitcoin, Ether, Ethereum Classic, Bitcoin Cash, and Litecoin. 
Notably, the product launch does not mention XRP, Ripple’s crypto token, which has been central to most liquidity products and services the company offers, especially cross-border liquidity services. However, XRP was listed among the digital assets during the company’s pilot phase. 
<a href="https://www.unlock-bc.com/94223/ripple-files-final-submission-against-sec-calling-adversary-the-bouncing-regulator/" class="ek-link">One possible reason why XRP is not included in the liquidity pairs could be the ongoing legal battle between Ripple and the Securities and Exchange Commission in the US.</a> 
Ripple’s liquidity solution promises to significantly reduce the cost of high-volume transactions by optimizing cryptocurrency pricing and liquidity across asset pairs, according to Cointelegraph. 
 With the liquidity hub, there’s no need to pre-finance capital positions to obtain liquidity or conduct transactions. It simplifies multiplatform administration requirements by enabling organizations to access digital assets in a single location. 
The service also locks in the best pricing for digital assets to protect companies from market instability and price fluctuations. 
Ripple has gained recognition in the fintech industry by providing various liquidity solutions and cross-border remittance services. Its widely-used ODL solution has partnered with many banks worldwide to offer affordable remittance services using cryptocurrencies. 
The post <a rel="nofollow" href="https://www.unlock-bc.com/100321/ripple-global-liquidity-network-offers-access-to-pools-of-liquidity-for-enterprises/">Ripple Global Liquidity Network Offers Access to Pools of Liquidity for Enterprises</a> appeared first on <a rel="nofollow" href="https://www.unlock-bc.com">UNLOCK Blockchain</a>.

Ripple Global Liquidity Network Offers Access to Pools of Liquidity for Enterprises

UNLOCK_ENG

Other articles published on Apr 14, 2023

MixMarvel Explores Web3 Potential for the Gaming Industry at Hong Kong Web3 Festival 2023

TaskOn March 2023 Monthly Report

Chainlink (LINK) and The Graph (GRT) Struggling to Keep Up as TMS Network (TMSN) Revolutionizes t...

UAE Journalists Association to Host Third AI Journalism World Forum

INFINITY PARTY BATTLE is Now Open on WEMIX PLAY!

Zambia will be done with crypto regulation test by June

Join our free newsletter for daily crypto updates!