Ripple keeps expanding and growing its ecosystem through crypto innovations and creativity despite its lawsuit with US Security and Exchange Commission which continues to escalate.
Ripple Prepares to Launch A New Service Next Year
According to an announcement on November 9, Ripple is preparing to launch a new service called Liquidity Hub for enterprises next year. As mentioned earlier, the upcoming liquidity hub will focus exclusively on companies looking for new ways to easily and efficiently source digital assets from the broader crypto market.
In addition, when the time expires, companies can purchase all tokenized assets directly from Ripple through Liquidity Hub. With its seamless and massive solution, customers can also access cryptocurrencies in multiple different locations (such as market makers, exchanges, over-the-counter trading desks, etc.).
As of today, Liquidity Hub is in a routine preview phase, according to the report. In the initial phase of the launch, the service provides planning support for the all-powerful Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC) and Ripple (XRP) themselves.
Coinme Announces Partnership for the Alpha Version of the Product
With the Ripple community still awaiting its debut, Coinme, the first licensed BTC ATM company in the US, has partnered with Liquidity Hub. In addition to rolling out a liquidity hub, Ripple has also formulated a long-term plan to add more features in the future to support staking and generating revenue.
Commenting on this news, Asheesh Birla, general manager of RippleNet, expressed what he knows best. He claimed that for the past two years they have successfully used crypto procurement technology to support the company’s on-demand liquidity (ODL) services. Now, in response to customer demand, Ripple is making this proven resource available as a customer-facing product for 2022 and beyond
He also added that their customers want to visit the same trusted one-stop shop to buy, sell, and hold crypto assets, which is what gives the impetus to their extensive collaboration with financial institutions.