Ripple Labs continues moving towards a “crypto-first future”. Especially, with a new product which permits traditional financial institutions to offer cryptocurrency services to their customers.
Recently, In a new press release, the San Francisco-based payments company, It announces their newest product “Ripple Liquidity Hub.”
“[It is] a groundbreaking new way for enterprises to easily and efficiently source…”
digital assets from the broader crypto market.
As a crypto liquidity platform built for the enterprise,…”
Then, Ripple continues
“it will unleash the potential to access deep liquidity within markets, accelerating the shift to crypto.”
Furthermore, a statement to Yahoo Finance by RippleNET GM Asheesh Birla indicates,
“Customers are coming to banks asking, ‘How can we buy Bitcoin [BTC] or digital assets?’…”
“This is a solution that enables banking customers to do that.”
More so, press release explains further,
“While the XRP Ledger and XRP are and will remain a native part of our tech stack,…”
“we at Ripple believe that achieving interoperability is key to unlocking crypto’s true potential.”
“Because of this, Ripple Liquidity Hub will initially support BTC, ETH [Ethereum], LTC [Litecoin],…”
Also, “ETC [Ethereum Classic], BCH [Bitcoin Cash] and XRP”
“(availability will vary by geography) with plans to add additional digital assets over time.
Conclusively, “In the future, Ripple plans to add functionality…”
“such as staking and yield-generating functionalities.”
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