Ripple Wires Nearly 100 Mln XRP, While RippleNet and ODL Now Available in 55+ Countries

News
Mon, 10/12/2020 - 09:13
Yuri Molchan
XRPL Monitor detected several wires carrying approx. 100 mln XRP in total, while RIppleNet and On-Demand Liquidity are now available in 55+ countries, including China
Ripple Wires Nearly 100 Mln XRP, While RippleNet and ODL Now Available in 55+ Countries
Cover image via stock.adobe.com
Contents

According to data shared by the XRPL Monitor bot, San Francisco-based tech behemoth Ripple has conducted several large transactions, transferring approximately 100 mln XRP between its wallets and sending part of the money to its ODL corridor in Europe.

Ripple shifts 100 mln XRP, blockchain tracking bot reports

XRPL Monitor has published the details of about eight transactions that carried large lumps of XRPabout 100 mln XRP in total.

In fiat, that amounts to $25,493,410. Most of the transactions were made between the company's wallets, named "Ripple" and "RL18-VN." The latter is believed to be an extra Ripple escrow wallet by some in the community.

Ten million XRP was wired from a Ripple wallet to the Bitstamp exchange. It is located in Luxembourg and runs Ripple's On-Demand Liquidity (ODL) corridor in Europe.

Ten million XRP is worth $2,548,743 at the current exchange rate. Bitstamp also wired 28 mln XRP between its wallets.

XRP
Image via Twitter

Related Most XRP Holders Think Token Could Reach $100: Survey
Related
Most XRP Holders Think Token Could Reach $100: Survey

RippleNet and ODL now run in 55+ countries

Meanwhile, Ripple's website says that now RippleNet and ODL are running in over 55 countries, using more than 95 currencies.

The web page shows a global map with regions where RippleNet and ODL are available marked in green and blue.

ODL is available in the whole territory of Australia, in Western Europe and Scandinavia, the U.S.including Alaskaas well as in Mexico and the Latin America countries south of it.

RippleNet is accessible in India, Bangladesh and in almost all of China. RippleNet is also available on some parts of the African continent.

According to the map, Eastern Europeincluding Russiahave no access to either so far.

XRP
Image via Ripple.com
About the author

Yuri is a 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. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.