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, 07/28/2021 - 10:23
Cover image via stock.adobe.com
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.
Image via CoinMarketCap
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.
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.