Ripple And XRP: On-Demand Liquidity Use Rises
Ripple seems to be marking another success as its product called ODL – On-Demand Liquidity- is seeing increased adoption.
New numbers are showing the use of Ripple’s XRP-powered cross-border payment product On-Demand Liquidity may be on the rise.
Ripple is always working hard to promote all of its products and to boost the whole XRP ecosystem.
The company has also been enjoying various achievements and partnerships this year, so it’s safe to say that 2019 has been an excellent year for both entitites, Ripple and XRP.
This was despite the fact that there have not been any significant price moves for XRP.
ODL use is on the rise
It’s been revealed that the Liquidity Index Bot shows record XRP volume this week against the Mexican Peso on the crypto exchange Bitso.
This is one of the exchanges that powers ODL and money transfer giant and Ripple partner MoneyGram said that it’s now moving 10% of its daily transactions between Mexico and the US by using the liquidity product.
— Liquidity Index Bot (@LiquidityB) December 13, 2019
The feedback of this tweet was a really positive one with the community showing massive excitement.
The XRP army of fans has great expectations for XRP.
Someone said: “Holy crap! Ever day we are seeing new all-time highs…. liquidity is growing fast for a reason folks…. do your research #XRP is a sleeping giant!”
Another commenter posted: “Breaking records every day! The volcano can burst anytime and whenever it burst… people around the world will feel the heat if it.”
One Twitter user posted this: “Don’t need a crystal ball to know this is just going to get higher and higher and these data points will be dwarfed and unseen to the naked eye when compared to the xrp liquidity flowing through this corridor in a few years.”
In terms of pricing, XRP is trading in the red at the moment of writing this article, and the coin is priced at $0.214478.
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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.