Ripple says its global payments network, RippleNet, is now live in more than 55 countries, with XRP remittances live in five regions.
RippleNet also now offers over 95 currency pairs, according to the San Francisco startup’s newly redesigned website. Meanwhile, On-Demand Liquidity (ODL), Ripple’s XRP-powered cross-border payments product, is available in the US, Mexico, Europe, the Philippines and Australia.
Ripple is also promoting the new website for the XRP Ledger, XRPL.org, its community-driven resource on XRP. Exchanges and wallet services are the most common businesses operating on the XRP Ledger, but there are also firms that use it for asset custody, payment processing, micropayments, music, gaming, infrastructure, security, and institutional trading, XRPL.org reports.
Ripple’s completely revamped website represents the latest in a string of upgrades for Ripple, which boasts partnerships with American Express, MoneyGram, Santander, SABB along with 300-plus financial institutions across over 40 countries worldwide. Just yesterday, Ripple launched its new “Line of Credit” service, which allows financial institutions and money service providers using ODL to source borrowed XRP for a one-time fee and short approval process.
With ODL’s popularity in Mexico, XRP to Mexican peso (XRP/MXN) is the top trading pair on the Mexican exchange Bitso at time of writing, reports CoinMarketCap, with about $3 million in the 24-hour volume compared to about $2.38 million for BTC/MXN.