XRP Liquidity Value Skyrockets to New Highs in Two ODL-Powered Corridors

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Thu, 04/16/2020 - 13:46
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Yuri Molchan
XRP liquidity reaches new major all-time highs in two of the largest corridors based on ODL as Ripple announces its partnership with the Malaysian MoneyMatch app
XRP Liquidity Value Skyrockets to New Highs in Two ODL-Powered Corridors
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The Twitter bot that regularly shares data on XRP liquidity in three of Ripple’s ODL corridors has reported that, in two of them, the liquidity index value is now well above the previous all-time highs.

New XRP all-time highs reached

The new ATHs have been reached in Australia (the BTC Markets exchange) and Mexico (Ripple-backed Bitso exchange).

The surge above previous ATHs is quite significant – about 2.5 mln for BTC Markets and 2.1 mln for Bitso.

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Ripple adds MoneyMatch app to RippleNet

As earlier reported, Ripple shared news of partnering with the Malaysian MoneyMatch payment platform, which works with small and medium sized enterprises (SME) and banks.

With RippleNet, its customers in over 120 countries, including Malaysia itself, will now be able to transact funds much faster and cheaper than with regular FX-transactions.

The article on Ripple’s website did not say anything about the use of XRP, though.

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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.