Monday, September 28, 2020
No menu items!
  • News
  • XRP News
  • Contact Us
More

    RippleNet’s ODL Tripled in TXN Volume; USD Value Transacted Increased by Over 294% In Q1 2020

    Must Read

    How Man Recovered All His Stolen XRP after Months of Getting Hacked Through Ledger Nano X

    In the cryptocurrency ecosystem, there have been perpetration of hackers, where thousands and millions of dollars were being stolen....

    Cardano (ADA) Is Up and Running Again On Bittrex Exchange

    According to a recent update, Cardano (ADA), the ninth-largest digital currency by market capitalization, is up and running again...

    World Economic Forum: XRP Is The Most Relevant Digital Asset For Wholesale CBDC

    The World Economic Forum (WEF) has characterized the fourth largest digital currency by market capitalization, XRP, has the most...
    Tobi Loba
    Tobi Loba
    Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to fulfill her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.




    Ripple, the cross-border payment company has recently published the quarterly XRP Markets Report, in its quest to provide transparency and regular updates regarding the view of the company on the state of the XRP Market.

    This report also includes quarterly programmatic and institutional updates, coupled with XRP-related announcements, such as Xpring and RippleNet partnerships.

    RippleNet’s On-Demand Liquidity (ODL)

    According to the report, customers are getting to know the value of XRP through the significant cost-savings by eliminating the need to pre-fund international accounts.

    The report says, from Q4 2019 to Q1 2020, RippleNet’s On-Demand Liquidity (ODL) service tripled in transaction volume, and the USD value transacted increased by over 294%.

    The report speaks about the partnership between Ripple and Azimo:

    “Of note, Ripple and Azimo, a UK-based digital money transfer service, announced their partnership to use the digital asset XRP in cross-border payments. Azimo launched its service to send payments to the Philippines and, within a few months, ODL saved the company 30%-50% when arranging currency transfers between customers in the Philippines and those in the UK and Europe.”

    Regarding the Integrations and liquidity of XRP, the report describes XRP liquidity as the “lifeblood” of Ripple’s On-Demand liquidity for cross-border payments, adding that Q1 saw the integration of XRP into a number of additional exchanges and liquidity instruments.

    As for the open-source community of developers, Xpring, the report says that it continues to build products and supports innovation on the XRPL through improvement to the technology.

    About Xpring development, the report says:

    “Last quarter, Xpring launched new tools, services, and documentation for developers including XRP Ledger Mainnet support in the Xpring SDK and support for Interledger Protocol (ILP) STREAM on Testnet in the xpring.io wallet.”

    Moreover, the report mentioned that Xpring partner Anchorage made an announcement for the support of XRP, which enabled its growing roster of enterprise customers to safely store XRP for various use cases. Also, the famous wallet BRD announced support for XRP in Q1.




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    How Man Recovered All His Stolen XRP after Months of Getting Hacked Through Ledger Nano X

    In the cryptocurrency ecosystem, there have been perpetration of hackers, where thousands and millions of dollars were being stolen....

    Cardano (ADA) Is Up and Running Again On Bittrex Exchange

    According to a recent update, Cardano (ADA), the ninth-largest digital currency by market capitalization, is up and running again on the cryptocurrency exchange, Bittrex. In...

    World Economic Forum: XRP Is The Most Relevant Digital Asset For Wholesale CBDC

    The World Economic Forum (WEF) has characterized the fourth largest digital currency by market capitalization, XRP, has the most relevant crypto asset for wholesale...

    Cardano (ADA), Tezos (XTZ) Are Technologically Superior to Bitcoin and XRP –Weiss Ratings

    Weiss Crypto Ratings, the provider of independent ratings of digital currencies, has recently stated that Cardano (ADA), Tezos (XTZ), and ten other digital assets...

    Speculation among XRP Investors on Ripple Announcing More Notable Acquisitions Following CEO’s Statement

    There has been a growing speculation among the XRP community members that says that Ripple, the cross-border payment firm, is on the verge of...

    More Articles Like This