Ripple invites all businesses to try a new scalable instrument for digital asset management
The opening of Ripple Labs’ corporate liquidity hub today has boosted the optimistic XRP price. The price of XRP has increased by more than 40% in the previous 30 days. The outstanding performance comes as Ripple defends itself in the current case with the US Securities and Exchange Commission, which most feel is nearing its conclusion even though the court has set no deadlines.
Ripple’s liquidity hub for businesses goes live
The opening of Ripple Labs’ corporate liquidity hub today has boosted the optimistic XRP price. The price of XRP has increased by more than 40% in the previous 30 days. The outstanding performance comes as Ripple defends itself in the current case with the US Securities and Exchange Commission (SEC), which most feel is nearing its conclusion even though the court has set no deadlines.
Businesses can access digital asset liquidity via various cryptocurrency exchanges, over-the-counter (OTC) markets, and market makers worldwide through the newly created corporate liquidity hub. The hub will integrate numerous tools to assist firms in accessing and managing liquidity across several platforms. Businesses can use Bitcoin liquidity and a large payout network to fuel treasury operations, payments, and other requirements.
Seamlessly bridge traditional fiat systems with the new world of crypto.
Find out how your business can unlock immediate, real-world value through crypto and blockchain with Ripple Liquidity Hub. https://t.co/SIsLDnXF4I pic.twitter.com/xlmeW2l7eA
— Ripple (@Ripple) April 14, 2023
Beta testing since last year, the liquidity center will smoothly connect crypto and fiat systems. It employs cutting-edge technology to obtain the best crypto asset rates, removing the requirement for pre-funded capital positions with numerous liquidity platforms. This assists businesses in reducing their locked-up capital, allowing them to manage their resources more efficiently.
The liquidity center will be available 24 hours a day, seven days a week, making digital asset transaction management flexible and rapid while allowing firms to track their finances properly.
Surprisingly, the business liquidity hub presently does not support the XRP coin. It accepts five different cryptocurrencies: Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ethereum Classic (ETC), and Bitcoin Cash (BCH).
The lack of Ripple (XRP) has caused a furious reaction from the Ripple community. However, many assume it is due to the ongoing litigation against the US SEC, which claims that XRP is a security rather than a cryptocurrency.
Read more:
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