Ripple expands its services with a new B2B crypto liquidity solution.
Ripple, a US-based technology company operating as a cryptocurrency exchange, has launched a new business-to-business crypto liquidity solution.
According to the blog post shared on April 13th, the new solution, Ripple Liquidity Hub, offers “a simple, seamless way to manage <business> modern crypto liquidity needs.”
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It is worth noting that the company launched a pilot program for this liquidity solution back in 2022.
In its announcement, the company claims that Liquid Hub was created “in response to the gap and inefficiencies associated with bridging the world of crypto and fiat.”
When talking about the new solution, Ripple's Head of Liquidity Products, Brad Chase, noted:
Liquidity Hub benefits from all the hard-won lessons Ripple gained sourcing liquidity from other providers and across multiple venues for ODL. It combines ease of use, powerful payment integrations, cost savings, and more into a single, scalable enterprise-grade platform.
Ripple’s Liquidity Hub offers cryptocurrencies from both over-the-counter trading desks and cryptocurrency exchanges. Moreover, the liquidity can be sourced from deep liquidity pools, such as Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Ethereum Classic (ETC), and Litecoin (LTC).
What is interesting about the possible deep liquidity pools is that there is no sign of Ripple’s native token, XRP, which is the 6th largest coin in terms of market capitalization. The cryptocurrency is usually involved in every liquidity offer and product launched by Ripple in previous instances.
However, it can be assumed that the move to exclude XRP can be linked to the company’s ongoing battle with the US Securities and Exchange Commission (SEC) over allegations that it raised “hundreds of millions of dollars through unregistered sales of its XRP token."
In other Ripple-related news, the company has recently joined hands with the central bank of Montenegro to create a strategy and pilot program for the country's digital currency.
