The company behind XRP, Ripple Labs, has launched a file Business Liquidity Center. The innovative solution allows business entities to access liquidity for digital assets from various crypto exchanges, market makers and OTC markets around the world.
According to Ripple, its liquidity center will seamlessly bridge the gap between monetary and cryptocurrency systems. ripple announce Launching on April 14th after last year’s product beta.
Ripple Liquidity Hub will integrate various solutions
The new Liquidity Center aims to integrate solutions to help companies access and manage liquidity across platforms. With it, trading companies can improve crypto liquidity, an extensive payments network to run payments, treasury operations, and other solutions.
The product uses advanced technology to obtain the best rates for crypto assets, eliminating the need for pre-funded capital centers with multiple liquidity venues. This helps companies reduce their restricted capital, allowing them to manage their resources efficiently.
In addition, the Liquidity Center is a 24/7 service. It allows businesses to access a wide network of payment channels globally. This makes digital asset transaction management flexible and fast while allowing users to effectively track their funds.
According to Ripple, the success of this liquidity center relies on its interoperability and extensive payments network across multiple asset pairs.
Finding the best rates and liquidity from various platforms will allow companies to reduce their expenses on high-volume transactions such as cryptocurrency treasury operations.
The absence of XRP is sparking reactions among members of the community
According to the announcement, the liquidity center currently supports five cryptocurrencies, including Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ethereum Classic (ETC), and Bitcoin Cash (BCH).
There was no mention of XRP in the advertisement or on the product dashboard. Also, Ripple says the liquidity center is a standalone solution or part of a cross-border payment system.
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The absence of the asset has raised questions among members of the XRP community. Senior member of the community, Rathof Kahneman, pointed out The clause where Ripple said the hub is independent. Another member of the community comment That XRP connection is less clear than he had hoped.
Another prominent member of the XPR community, Crypto Eri, highlighted Absence of XRP in the liquidity center. User notes that Ripple included BTC, LTC, ETH, ETC, and BCH without XRP.
To further clarify the controversy, Kahneman was outraged male Ripple said that the product does not benefit from XRP. He said he was hoping the center would have links with Ripple’s on-demand liquidity (ODL) solution. However, the information is so vague, that it is difficult to know whether a liquidity position will benefit from RippleNet.
Featured image from Pixabay and chart from Tradingview