Explaining Ripple Network Upgrade 'Liquidity Hub' - New Hot Feature.

Explaining Ripple Network Upgrade 'Liquidity Hub' - New Hot Feature.

2021-11-13 | Eddy Morgan

Explaining Ripple Network Upgrade 'Liquidity Hub' - New Hot Feature.

Ripple, a global financial company, has announced the debut of a new service dubbed the Liquidity Hub. Cryptocurrency Trading via Liquidity Hub The new feature, Ripple (XRP), is offering was created to assist businesses in accelerating their entry into the cryptocurrency industry. Liquidity Hub was created as a turnkey solution for financial institutions to get cryptocurrencies at optimal prices from market makers, exchanges, and OTC desks via smart order routing. "We understand the need for simple and effective liquidity management. Cryptocurrencies and financial institutions are part of our DNA. As they prepare for a crypto-first world, it's only natural that our clients would want access to the same trusted one-stop-shop for purchasing, trading, and keeping crypto assets that have fueled our own extensive work with financial institutions," said Asheesh Birla, Ripple's general manager. Birla pointed out that Ripple's On-Demand Liquidity Product (ODL) has been using the same crypto sourcing technology as the Liquidity Hub for over two years. The Liquidity Hub is slated to begin in 2022 and will handle Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ethereum Classic (ETC), Bitcoin Cash (BCH), and XRP at first, with other digital assets to be added over time. The business also wants to add features like staking and yield generation in the future, although no precise timeframe for their implementation has been announced. Coinme, the first licensed Bitcoin ATM operator in the United States, will be the Liquidity Hub's first beta partner. The firm will use the Liquidity Hub's core technology infrastructure for its hundreds of ATMs around the country, with plans to add more features as they become available.

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