Ripple Unveils Its Enterprise-Level Crypto Solution Liquidity Hub

Ripple, a major Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term company, has revealed its brand-new solution dubbed Ripple Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term Hub, which targets enterprise customers and is set to be launched in 2022. According to the press release, the solution allows customers to access crypto assets from different venues such as market makers, exchanges, OTC desks and, in the future, decentralized venues.

Initially, the hub will support Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and Ripple (XRP). However, the availability of the latest one will vary depending on location, said the company. Also, it pointed out that it plans to widen its range by adding more tokenized assets.

“We understand firsthand the need for easy and efficient liquidity management, and as such, we’ve received questions from our customers who are in need of solutions that can be a one-stop-shop to buy, sell and hold crypto assets. The combination of Ripple’s crypto DNA and long history working with financial institutions makes us uniquely positioned to address this problem for our customers as they prepare for a tokenized future,” Asheesh Birla, RippleNet GM, commented.

Ripple stated that its Liquidity Hub had been used for internal liquidity purposes as part of its On-Demand Liquidity (ODL) product. The first partner of the alpha product tapped for the purpose is Coinme, which is the largest licensed crypto-cash network in the United States. “Coinme offers convenient and simple access to exchange cash for crypto. Managing this extensive network requires around-the-clock access to liquidity 24/7/365, so we can provide the best prices to our customers for a variety of assets. We’re excited to partner with Ripple to bring these benefits to our customers and business,” Neil Bergquist, CEO of Coinme, said about the partnership.

Ripple in the Middle East

In October, Ripple partnered with Pyypl, a leading global blockchain-based financial services technology company in the Middle East and Africa, for the launch of RippleNet’s ODL deployment in the Middle East.