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Ripple Liquidity Hub Expands to Two New Countries, Here's Latest Progress

Fri, 09/15/2023 - 11:25
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Tomiwabold Olajide
Liquidity Hub continues to gain more momentum
Ripple Liquidity Hub Expands to Two New Countries, Here's Latest Progress
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In April this year, fintech giant Ripple launched its liquidity solution for enterprises to bridge the crypto-fiat gap. The Ripple Liquidity Hub, which functions as a standalone solution or an extension of Ripple's cross-border payments solution, was launched after a successful pilot last year.

In a new blog post, Ripple highlights the latest progress made by the liquidity hub innovation in the last five months since its inception. The Liquidity Hub continues to gain momentum as more customers turn to Ripple to source crypto on demand for a variety of business needs.

Liquidity Hub helps businesses optimize crypto liquidity and access a vast network of global payout rails to streamline crypto transactions, treasury management and other applications.

Thus, as growth becomes more evident for the platform, Ripple says it will continue to add new features and functionality, combining the capabilities previously built in-house with the needs of its customers.

Liquidity Hub: Here's what's new

Ripple has announced that the Liquidity Hub is now available in new regions, Brazil and Australia, in addition to specific states in the United States.

The company also states that it will continue to add additional assets in a compliant manner to meet the demands of enterprise customers. Since its inception, Liquidity Hub has added support for stablecoins such as USDC and USDT.

New features have been added to streamline operations, including additional trading UI features and improved SLAs for crypto deposit processing. This is projected to significantly improve the customer experience for a wide range of consumer groups, including NFT marketplaces, cryptocurrency ATMs and brokers.

Ripple President Sees Potential Growth in Asia-Pacific, Here's Why

In addition, Ripple teases several new features coming soon to the Liquidity Hub, including a sandbox environment and other functionality to continue improving the user experience.

Ripple currently has payout capabilities in 70 countries, representing more than 90% of the daily FX market.

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About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.