Ripple's top lawyer, Stuart Alderoty, clarified on Twitter why the company's newest product, Liquidity Hub, does not incorporate XRP.
The Liquidity Hub is an enterprise-level product primarily for institutions and not retail customers. Alderoty stated that there is currently low liquidity for XRP in the United States, and Ripple is eager to support XRP in the Liquidity Hub when it can provide an improved customer experience.
Alderoty emphasized that the product team designed the Liquidity Hub to access various types of cryptocurrency liquidity and not just XRP.
The target customers for the platform, which are mostly U.S. institutions, seek access to a range of tokens such as Bitcoin (BTC), Ethereum (ETH) and stablecoins. Ripple aims to cater to these customer demands.
Godfrey BenjaminRipple's ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) over whether XRP is a security or not has led to uncertainty about the token's regulatory status.
Alderoty also addressed comparisons between Ripple's On-Demand Liquidity (ODL) service and the Liquidity Hub. He stated that ODL has been using and will continue to use XRP. Sales of XRP, reported quarterly, are made to ODL customers for use in the product, which continues to thrive on a global scale.
Tomiwabold Olajide
Dan Burgin
Vladislav Sopov