XRP Rises 19% on The News of Ripple Launching New ODL Corridor in Japan

Yuri Molchan

Ripple-affiliated XRP has printed an over 19 percent rise after the news announced by Ripple

News

Wed, 28/07/2021 - 10:23

Cover image via stock.adobe.com

Read U.TODAY on

Google News

The sixth-ranked digital currency, XRP, has staged an over 17 percent rise after the Ripple giant announced that the subsidiaries launched by its major Japanese partner SBI (SBI Remit and SBI VC Trade) are launching a new ODL corridor from Japan to the Philippines. It will run on RippleNet.

At press time, XRP has risen 19.25 percent and is trading at $0.7512, as per data from CoinMarketCap.

Ripple Announces New ODL Corridor in Japan

The new ODL product will allow users to instantly convert XRP to the Philippine peso. The partner of the project in the Philippines is major local crypto exchange Coins.ph.

? JUST IN: SBI Remit and SBI VC Trade
launch Japan's first international remittance service using crypto assets- Starthttps://t.co/qzkevciLQy #XRP #XRPCommunity #crypto #blockchain pic.twitter.com/BjLPoiLWZH
— The Cryptic Poet (@1CrypticPoet) July 28, 2021

#Ripple News #XRP News

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He 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.