Ripple Unveils Its Enterprise-Level Crypto Solution Liquidity Hub

Tuesday, 09/11/2021 | 19:32 GMT by Felipe Erazo
  • The launch of the new solution in 2022 is pending applicable licensing and other requirements.
Ripple Unveils Its Enterprise-Level Crypto Solution Liquidity Hub

Ripple, a major Blockchain company, has revealed its brand-new solution dubbed Ripple Liquidity Hub, which targets enterprise customers and is set to be launched in 2022. According to the press release, the solution allows customers to access crypto assets from different venues such as market makers, exchanges, OTC desks and, in the future, decentralized venues.

Initially, the hub will support Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and Ripple (XRP). However, the availability of the latest one will vary depending on location, said the company. Also, it pointed out that it plans to widen its range by adding more tokenized assets.

“We understand firsthand the need for easy and efficient liquidity management, and as such, we’ve received questions from our customers who are in need of solutions that can be a one-stop-shop to buy, sell and hold crypto assets. The combination of Ripple’s crypto DNA and long history working with financial institutions makes us uniquely positioned to address this problem for our customers as they prepare for a tokenized future,” Asheesh Birla, RippleNet GM, commented.

Ripple stated that its Liquidity Hub had been used for internal liquidity purposes as part of its On-Demand Liquidity (ODL) product. The first partner of the alpha product tapped for the purpose is Coinme, which is the largest licensed crypto-cash network in the United States. “Coinme offers convenient and simple access to exchange cash for crypto. Managing this extensive network requires around-the-clock access to liquidity 24/7/365, so we can provide the best prices to our customers for a variety of assets. We’re excited to partner with Ripple to bring these benefits to our customers and business,” Neil Bergquist, CEO of Coinme, said about the partnership.

Ripple in the Middle East

In October, Ripple partnered with Pyypl, a leading global blockchain-based financial services technology company in the Middle East and Africa, for the launch of RippleNet’s ODL deployment in the Middle East.

Ripple, a major Blockchain company, has revealed its brand-new solution dubbed Ripple Liquidity Hub, which targets enterprise customers and is set to be launched in 2022. According to the press release, the solution allows customers to access crypto assets from different venues such as market makers, exchanges, OTC desks and, in the future, decentralized venues.

Initially, the hub will support Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and Ripple (XRP). However, the availability of the latest one will vary depending on location, said the company. Also, it pointed out that it plans to widen its range by adding more tokenized assets.

“We understand firsthand the need for easy and efficient liquidity management, and as such, we’ve received questions from our customers who are in need of solutions that can be a one-stop-shop to buy, sell and hold crypto assets. The combination of Ripple’s crypto DNA and long history working with financial institutions makes us uniquely positioned to address this problem for our customers as they prepare for a tokenized future,” Asheesh Birla, RippleNet GM, commented.

Ripple stated that its Liquidity Hub had been used for internal liquidity purposes as part of its On-Demand Liquidity (ODL) product. The first partner of the alpha product tapped for the purpose is Coinme, which is the largest licensed crypto-cash network in the United States. “Coinme offers convenient and simple access to exchange cash for crypto. Managing this extensive network requires around-the-clock access to liquidity 24/7/365, so we can provide the best prices to our customers for a variety of assets. We’re excited to partner with Ripple to bring these benefits to our customers and business,” Neil Bergquist, CEO of Coinme, said about the partnership.

Ripple in the Middle East

In October, Ripple partnered with Pyypl, a leading global blockchain-based financial services technology company in the Middle East and Africa, for the launch of RippleNet’s ODL deployment in the Middle East.

About the Author: Felipe Erazo
Felipe Erazo
  • 1036 Articles
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About the Author: Felipe Erazo
Felipe earned a degree in journalism at the University of Chile with the highest honour in the overall ranking, and he also holds a Bachelor of Arts in Social Communication. In addition, he has been working as a freelance writer and Forex/crypto analyst, with experience gained from several forex broker firms and crypto-related media outlets around the world. He has been involved in the world of online forex trading since 2010 and in the crypto sphere since 2015.
  • 1036 Articles
  • 42 Followers

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