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Ripple Says Global Payments Network Live in 55 Countries and 95 Currency Pairs, With XRP Remittances Running in Five Regions

by Daily Hodl Staff
October 10, 2020
in Ripple and XRP

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.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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