Ripple Global Liquidity Network Offers Access to Pools of Liquidity for Enterprises
Fintech company Ripple has introduced its liquidity solution for businesses to bridge the gap between cryptocurrencies and fiat currencies.
The Ripple liquidity hub, which was launched on April 13 following a successful pilot last year, operates as a separate solution in addition to the company’s on-demand liquidity (ODL) cross-border payments service.
As a global liquidity network, it provides partners with access to payout rails around the world.
The liquidity hub has been developed from an enterprise perspective and offers digital assets from various market makers, including crypto exchanges and over-the-counter trading desks.
Enterprises can obtain liquidity from large pools of deep liquidity, including US dollars, Bitcoin, Ether, Ethereum Classic, Bitcoin Cash, and Litecoin.
Notably, the product launch does not mention XRP, Ripple’s crypto token, which has been central to most liquidity products and services the company offers, especially cross-border liquidity services. However, XRP was listed among the digital assets during the company’s pilot phase.
Ripple’s liquidity solution promises to significantly reduce the cost of high-volume transactions by optimizing cryptocurrency pricing and liquidity across asset pairs, according to Cointelegraph.
With the liquidity hub, there’s no need to pre-finance capital positions to obtain liquidity or conduct transactions. It simplifies multiplatform administration requirements by enabling organizations to access digital assets in a single location.
The service also locks in the best pricing for digital assets to protect companies from market instability and price fluctuations.
Ripple has gained recognition in the fintech industry by providing various liquidity solutions and cross-border remittance services. Its widely-used ODL solution has partnered with many banks worldwide to offer affordable remittance services using cryptocurrencies.
