Ripple’s XRP Remittance Network Is Live In 25 Countries Worldwide

by: Andreas Townsend

Ripple was recently in the news when the company made it very clear that their top priority if the mass adoption of XRP.

It’s been revealed that a few new job openings at Ripple shed light on the firm’s push to spread the adoption of XRP.

The online publication the Daily Hodl revealed that Ripple’s fundraising and development arm is hiring ten new people in various positions, according to the latest info.

Ripple releases an overview on the state of the network

Other than that, it’s been just reported that the cross-border payment company released an overview on the state of its network and this includes new details on the XRP remittance platform.

The company said that its network of banks and financial institutions now is spread across 70 countries.

It’s been also revealed that, on average, a new country is added to the list on a weekly basis.

Ripple says its XRP-based remittance platform On-Demand Liquidity (ODL) is growing.

Companies that choose to use the digital asset XRP to move money can do so in the 25 countries, and we suggest that you head to the Daily Hodl’s original article to find out which they are.

Ripple rolled out its XRP remittance product for commercial use in October of 2018.

Ripple scores important victory

In other news, Ripple just scored an important victory. Court documents are showing the fact that Cooperative Entertainment, Inc. dismissed its patent infringement case against Ripple with prejudice late last week. In other words, the lawsuit is permanently dismissed.

You may recall that this firm hit Ripple with a lawsuit back in September 2019, and it was accusing the company of violating a patent that has been approved back in 2016.

Ripple has big plans for 2020, and the company manages to gain more and more recognition these days in the financial sector.

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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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