- Ripple announces expanded liquidity options to meet customers’ payment needs round the clock.
- Ripple offers customers access to over 70 payout markets through its international payments network.
- XRP price rally is likely to be catalysed by developments in XRPLedger and Ripple Payments.
Ripple, a cross border payment remittance firm, made several announcements in its annual conference Swell.
The firm hit a key milestone with respect to payments for its customers. The developments are likely to be catalyzed by a boost in XRPLedger and Ripple’s utility.
Also read: XRP price could extend gains with Ripple’s likely win through $20 million settlement with SEC
Ripple announces key developments at Swell 2023
Cross border payment remittance firm, Ripple, shared its key milestones at its annual conference Swell.
Introducing Ripple Payments—the next evolution of Ripple’s payments product delivering a licensed end-to-end solution for FIs and SMEs with 70+ payout markets, expanded crypto liquidity options, integration with the XRP Ledger DEX, and much more.https://t.co/khOxtCnXin
— Ripple (@Ripple) November 8, 2023
The firm has received money transmitter licenses across numerous US jurisdictions and the Monetary Authority of Singapore. This allowed Ripple Payments to expand its products and services in over 70 payout markets.
The firm’s customers can access 100% global payout coverage and global liquidity options. This boosts XRPLedger’s utility, likely driving demand for XRP token higher.
Ripple’s Payments product has expanded its liquidity and reach, according to the firm. Developments in Ripple have previously catalysed gains in XRP, since the token is native to XRPLedger.
In its recent updates, the firm announced integration of Payments with XRPLedger DEX. This boosts liquidity and accessibility for its customers and offers expanded crypto liquidity options to users.
Ripple’s clients are working on using Payments to open payment corridors between nations like Africa and the rest of the world.
We’re proud to announce that our partner @Onafriq will utilize Ripple Payments, our crypto-enabled payments technology, to open up three new payments corridors between Africa and the rest of the world.
— Ripple (@Ripple) November 8, 2023
Learn more: https://t.co/FU0pjHuqIA
At the time of writing, the XRP price is $0.6955. The altcoin is in an uptrend and yielded nearly 1.5% gains on the day, for holders on the centralised exchange, Binance.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
VanEck sees Bitcoin reaching $61 trillion market cap, Marathon buys $100 million BTC
Bitcoin declined by 1% on Thursday following asset manager VanEck's forecast that the top digital asset will reach a $61 trillion market capitalization by 2050.
Ethereum Classic price sets for a rally following retest of key support
ETC edges higher by 2.3% and trades around $22.60 at the time of writing on Friday after testing a key support area the day before. On-chain data showing increased account growth suggests a bullish move ahead. Ethereum Classic price faced rejection by the daily resistance level of $25.13 earlier this week.
Celebrity meme coins lose their shine
Celebrity meme coins report by Jupiter Slorg on Thursday shows that these tokens have been in deep waters since early July after experiencing heavy growth in June. In a recent analysis, Jupiter Slorg revealed that celebrity meme coins are down by an average of 94% from their all-time highs.
Ripple gains 5%, Mark Cuban says Kamala Harris’ nomination could affect SEC lawsuit
Ripple (XRP) made a comeback above key psychological resistance early on Wednesday. Crypto traders are optimistic after the Ethereum Exchange Traded Fund (ETF) launch. Entrepreneur and investor Mark Cuban recently shared his comments on how Kamala Harris’ nomination to the Presidential elections could influence crypto regulation.
Bitcoin: Will BTC manage to recover from recent market turmoil?
Bitcoin recovers to $67,000 on Friday after finding support around $63,500 a day before. Still, BTC losses over 1.50% on the week as Mt. Gox persists in transferring Bitcoin to exchanges.