Ripple New Project: A Next-Gen Trading Platform Connected To XRP-Powered ODL

Ripple had a successful 2019 and the company has been working a lot to boost the entire XRP ecosystem and to trigger the mainstream adoption of the digital asset XRP.

Despite the global crisis in which we landed this year, the company is still working like there’s no tomorrow to develop new exciting projects that will revolutionize the financial world.

One of Ripple’s main goals has been to replace the flawed traditional payments SWIFT with its next-generation products.

It’s true that banks and financial entities have been using this traditional payments system for cross-border settlements for decades, but meanwhile, the system has become flawed, and innovation must take its place, according to Ripple.

Ripple might be working on a new product

A new job opening at Ripple hints at the fact that the firm has ambitions to build a trading platform connected to XRP-power cross-border payments solution, On-Demand Liquidity.

Ripple said that they are planning to hire an engineering manager to help build ODL and also leverage the “superior speed, low transaction cost, and scalability” of the crypto asset, XRP.

You should check out the complete job listing.

A next-gen trading platform might be in the works

The job listing teases a “next-generation trading platform” that will be integrated with ODL.

“We’re looking for an engineering manager to lead and shape the team responsible for the ODL customer experience, integration into our next-generation trading platform and be a critical part of defining the future trajectory of On-Demand Liquidity and RippleNet,” according to official notes.

Ripple CTO David Schwartz revealed that the company is working on a feature that would allow users to launch asset-backed tokens on the XRP Ledger.

Regarding the price of XRP, at the moment of writing this article, the digital asset is trading in the green just like the other important coins in the crypto market. XRP is currently priced at $0.173036.

It seems that the digital asset managed to find support above $0.17.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

Coinbase
Coinbase

Coinbase is a digital currency exchange headquartered in San Francisco, California.

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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