Latest News

Ripple Rolls Out Crypto Service Product For Financial Companies

Despite the ongoing XRP lawsuit, Ripple takes a huge step in launching a crypto product “Liquidity Hub”. Also, this will allow financial service firms to offer the buying and selling option for cryptocurrencies.

As per information by CNBC, Ripple confirms that cryptocurrencies such as the OG Bitcoin, Ethereum. Then, Litecoin, Ethereum Classic, Bitcoin Cash, and the most controversial XRP will be as offerings to enterprises.

Furthermore, TheLiquidity Hub targets launching by 2022 with plans to facilitate access to crypto. Of course, this will be through manifold sources like market makers, exchanges. Also, the over-the-counter trading desks, with Coinme as its first client. So, Coinme is a U.S. based Bitcoin Exchange and ATM operator.
More so, the Liquidity Hub targets to add Non-Fungible Tokens (NFTs) to the list of its asset offerings.

So, Asheesh Birla, the general manager of RippleNet, a financial messaging service used for cross-border payments explains

“We have a long history of working with financial institutions, crypto exchanges,..”
“brokerages and market makers, which our enterprise customers can now directly benefit from…”
“We’re planning to support a variety of assets and have plans to…”
“expand to more tokenized assets like NFTs in the future.”,

Then, Despite the lawsuit, Ripple is still showing confidence of its Crypto Product

Additionally, Birla describes the Liquidity Hub as an “aggregator for various liquidity venues…”
“and individual assets, the way that Google Flights is for airlines and flights.”

Galaxy Interactive Rises Additional $325M Fund For Metaverse and Next Gen…>>

Related Posts – Bank DBS’s Crypto Business Grows Massively Due To Growing Demand From Investors

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.