88 Mln XRP Moved by Ripple and South Korean ODL Platform

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Mon, 10/19/2020 - 08:54
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Yuri Molchan
Ripple and its South Korean ODL corridor have transferred more than 88 mln XRP, while Ripple's ODL partner in Europe was also involved
88 Mln XRP Moved by Ripple and South Korean ODL Platform
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Ripple, the fintech behemoth based in San Francisco, has again set in motion a substantial amount of XRP, together with its ODL partners in Europe and South Korea. It totals $21,242,018 in fiat.

28 mln XRP moved by Ripple and Bithumb

XRPL Monitor tracking service has reported that, over the past 24 hours, the blockchain decacorn Ripple wired 20 mln XRP.

Ten million XRP was an internal transfer between Ripple's own wallets, and the other ten million went to BitstampRipple's ODL corridor in Luxembourg.

Prior to that transaction, Bitstamp also wired 8 mln XRP between its wallets.

Related Ripple Transfers 44 Mln XRP, While Bitfinex Sends XRP Lump to Philippines
Related
Ripple Transfers 44 Mln XRP, While Bitfinex Sends XRP Lump to Philippines

Bithumb transfers 68 mln XRP

The XRP tracking bot also shared that major South Korean exchange Bithumb made two gargantuan transfers: 55 mln XRP and 13 mln.

That 68 mln XRP amounts to $16,406,951.

XRP
Image via Twitter

The fact that Bithumb is part of an unannounced ODL corridor was reported by Bitfinex. According to the cryptocurrency exchange, this corridor connects the two largest Asian crypto markets: Japan and South Korea.

In South Korea, the ODL platform is located on Bithumb; in Japan, it is on the Bitbank exchange.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.