Ripple XRP is set to hit new records in its two largest liquidity index corridors. The digital asset Ripple XRP is currently quite popular around the world. Ripple XRP is being actively implemented in various organizations. Ripple XRP can be used as payment for various goods and services, and is also used in the field of financial transfers, being associated with liquidity on demand, i.e. ODL. The digital asset of Ripple XRP is also evaluated very positively by a number of experts who, for example, often emphasize its profitability and usefulness compared to Bitcoin. In particular, Ripple XRP is more economical than Bitcoin, which Ripple CEO Brad Garlinghouse emphasized during his interview at the World Economic Forum in Davos. Now also Ripple XRP is going to reach new records in the two largest corridors by liquidity index.
Ripple XRP is set to break new records in two of the largest corridors: Details
Ripple XRP is set to reach new records in the two largest corridors by liquidity index, and this is possible thanks to the global payment service provider MoneyGram, which uses the Ripple ODL. Ripple XRP has come close to breaking a new record for the liquidity index in two ODL corridors set by MoneyGram, namely in Mexico and the Philippines. In Mexico, this corridor passes through the largest local digital trader Bitso. Ripple also invested in this company last year to finance its continued development.
As CEO of MoneyGram Alex Holmes said last year during a major Ripple Swell conference in Singapore, at that time about 10% of all transactions made by MoneyGram in Mexico were carried out using Ripple XRP. MoneyGram’s global payment service uses Ripple’s liquidity on demand. In the Philippines, the corridor passes through the cryptocurrency trading platform Coins.ph. The current ATH of the Ripple XRP Liquidity Index on Bitso is 11,138,681. The current trading volume is very close to overcoming this figure.
The current historical high of the liquidity index at Ripple XRP Coins.ph should also be surpassed. Daily progress was 42%. Thus, it can be noted that Ripple XRP has fairly good results on the liquidity index in Mexico and the Philippines. The success of Ripple XRP in liquidity in these corridors is very obvious. Considering that MoneyGram’s plans for using Ripple ODL technology are only gaining momentum, including in the areas, one can expect further bright records from XRP in the future.