Ripple’s ODL Service On The Verge Of Reaching Global Coverage — And That’s Fiercely Bullish For XRP

Ripple’s ODL Service On The Verge Of Reaching Global Coverage — And That’s Fiercely Bullish For XRP
фото показано с : zycrypto.com

2022-3-18 15:53

Asheesh Birla, the general manager of RippleNet at Ripple, recently revealed that the company’s flagship XRP-powered remittance platform is on the brink of reaching global coverage.

The On-Demand Liquidity (ODL) product, which was previously known as xRapid, is designed to process cross-border payments fast and vastly cut costs. It’s utilized with the XRP token as a bridge between two fiat currencies for international transactions.

Ripple’s Vision Of Transforming The Payments Landscape

In the latest episode of “The Ripple Drop” released on March 17, Birla noted that the ODL is presently in operation in at least 22 destination markets.

Ripple has been busy striking partnerships with payments providers and crypto exchanges across the globe to facilitate real-time payments. Birla is extremely happy with the growth seen by RippleNet so far. The network hit a payment volume of over $11 billion by the end of 2021.

The Ripple exec also noted that cryptocurrencies have become more liquid in recent years, thus enabling instant settlement of payments globally. Ripple aims to offer its customers a better experience at a lower cost.

Back in November, Ripple revealed plans to launch a liquidity service that would give enterprise clients access to the bitcoin, ethereum, XRP, ethereum classic, bitcoin cash, and litecoin cryptocurrencies from a slew of exchanges and OTC desks around the world.

At the time, Birla suggested that the liquidity hub could be viewed as an “aggregator for various liquidity venues and individual assets, the way Google Flights is for airlines and flights.”

Ripple currently boasts a $15 billion valuation after buying back shares from its Series C financing round, as ZyCrypto reported. The San Francisco-based fintech firm is attempting to penetrate into the $2 trillion global payments business currently dominated by SWIFT.

Ripple’s Growth Unfazed By SEC’s Lawsuit

As ZyCrypto has covered severally, the US Securities Exchange Commission sued Ripple and two of its executives in late December 2020. In its filing, the regulator argued that Ripple has raised more than $1.3 billion in unregistered securities offerings since 2013.

The lawsuit badly affected Ripple’s business with many leading exchanges either delisting or suspending trading of its XRP cryptocurrency. But instead of settling with the SEC, Ripple decided to stand up against the securities watchdog in an ongoing brutal courtroom scuffle.

Interestingly, Ripple CEO Brad Garlinghouse, who’s one of the individual defendants in the lawsuit, has clarified that the blockchain payments firm continues to grow and sign new customers despite the legal hurdles.

Now that Ripple has already proven that XRP-based On-Demand Liquidity is capable of changing the cross-border payments landscape owing to the low costs and a faster turnaround, it won’t be surprising to see the service achieve global coverage as Birla suggests.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 2.186 (-1.01%)
Объем 24H $11.315b
Изменеия 24h: -3.75 %, 7d: -7.98 %
Cегодня L: $2.1359 - H: $2.2257
Капитализация $125.155b Rank 4
Цена в час новости $ 0.7946 (175.11%)

reaching ripple global coverage brink revealed company

Источник: zycrypto.com

reaching ripple → Результатов: 35


Фото:

Ripple vs. SEC — XRP Proponent Confidently Tells Fox That Ripple Will Get A Settlement

The legal battle between the Securities and Exchange Commission (SEC) and Ripple will soon come to an end according to the belief of popular cryptocurrency YouTuber Ben Armstrong aka “BitBoy.” The crypto influencer told Fox Business that the price of XRP is set for a massive breakout stemming from the SEC and Ripple reaching a […]

2021-11-6 22:47


Фото:

Ripple, BitPay, Brave, and Others are Making Crypto Transfers Easier with an “Email I.D.”

A newly launched coalition is making transferring cryptocurrencies easier, with the latter infamous for long, oft-complex alphanumeric addresses that lead to misplaced transfers and lost assets. Reaching 100 Million Users On June 18, over 40 technology and crypto-centric companies joined the Open Payment Coalition ahead of the latter’s launch of the instant payments network “PayID.

2020-6-20 23:07


Ripple присоединился к консорциуму сети мгновенных платежей

Финтех-компания Ripple стала участником недавно созданной Open Payments Coalition, запускающей глобальную систему платежей PayID на основе простых и понятных идентификаторов. Reaching over 100 million consumers worldwide, @payid_org is a simple, open and universal payment identifier that makes it easier to move money across payment networks.

2020-6-20 13:58


Ripple Reaching for Global-Presence: Regulatory Framework May be in Advantage for XRP & the Firm

Possible-to come gov regulations are very welcomed by the blockchain start-up Ripple and its XRP token. This with the idea of a fresh set up for the financial solution provider. Accordingly with its vision to grasp world-wide adoption and presence, the team is getting ready to create working grounds with the officials and regulators.

2018-7-29 13:02


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP Price On Its Way To $10 In Only 3 Months If It Follows This Pattern

The XRP price has continued its steep correction into the past 24 hours, with it currently hovering around the $2. 2 price level. Nonetheless, analysts are still concerned about the possibility of the XRP price reaching new highs sooner than later, with some giving projections into the two-digit threshold at $10 and beyond.

XRP Price at Risk: Can Support Levels Hold?

XRP price started a fresh decline from the $2. 38 zone. The price is consolidating and might struggle to start a fresh increase above the $2. 30 resistance zone. XRP price struggled to clear the $2.

XRP Could Be The Altcoin To Recover Quickly, CryptoQuant Analyst Explains Why

XRP has crashed alongside the rest of the cryptocurrency market, but this analyst thinks the asset could be the one to find a quick recovery. XRP Has Been The Top Traded Altcoin On Binance This Month In a new CryptoQuant Quicktake post, community analyst Maartunn has talked about how the altcoins currently compare against each other based on their monthly Binance futures trading volumes.

XRP Whales Loading Up – Data Reveals Buying Activity

XRP has faced a sharp downturn over the past few days, shedding over 23% of its value since Tuesday. This steep correction has mirrored the broader market’s turbulence, intensifying negative sentiment around XRP.