Revolutionary Ripple Hub Shakes Up Crypto-Fiat Landscape: A New Era Begins

Revolutionary Ripple Hub Shakes Up Crypto-Fiat Landscape: A New Era Begins

Time Stamp: April 14, 2023 8:57 AM
Source Node: 2058057
  1. Ripple launches contentious liquidity solution for business crypto-fiat transactions.
  2. Offers global liquidity network, links to payout rails across the world.
  3. Reduces operational costs by optimizing crypto pricing and liquidity across assets.

Ripple Unveils Disruptive Liquidity Hub to Tackle Crypto and Fiat Division

On April 13th, Ripple, the prominent fintech company, announced the launch of its innovative liquidity solution aimed at bridging the chasm between cryptocurrency and traditional currency transactions for businesses. The Ripple Liquidity Hub was unveiled following a successful pilot run in the previous year.

This disruptive service is designed to function autonomously, while also complementing Ripple’s widely-used cross-border payment service, On-Demand Liquidity (ODL). The Liquidity Hub establishes a global network that provides Ripple’s partners with access to a diverse array of payout options across the globe.

Developed with a focus on meeting the demands of enterprise partners, the Liquidity Hub aggregates digital assets from a variety of market makers. These include cryptocurrency exchanges and over-the-counter trading desks. When a partner requires liquidity for a transaction, the hub delivers it from expansive pools of readily available assets, such as US dollars, Bitcoin, Ether, Ethereum Classic, Bitcoin Cash, and Litecoin.

Ripple asserts that its groundbreaking liquidity solution will significantly slash operational costs for businesses engaging in high-volume transactions. This cost reduction is achieved by fine-tuning cryptocurrency pricing and enhancing liquidity across various asset pairings. The Ripple Liquidity Hub is poised to stir up the financial industry, as it tackles the long-standing issue of bridging the gap between cryptocurrencies and traditional currencies.

In other news, Bitrue was subject to a cyber attack in which hackers exploited a hot wallet vulnerability to steal nearly $23 million worth of digital assets. The security lapse was disclosed by the exchange on April 14, resulting in the immediate suspension of all withdrawals while the company addressed the issue.

Read also:

Tags: Crypto marketcryptocurrencyRipple

disclaimer read more

Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

José is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.

Time Stamp:

More from Crypto News Land