Ripple Start of the liquidity hub despite the SEC lawsuit because of XRP news
Ripple Start of the liquidity hub despite the SEC lawsuit because of XRP news
in the middle of an ongoing legal dispute with the US Securities and Exchange Commission (SEC) via xrp Bring a new product onto the market, Liquidity Hub that aims to "be a one-stop shop for companies in order to obtain all tokenized assets". The product "enables customers to access crypto-assets seamlessly from a variety of global places, including market makers, stock exchanges, OTC desks and in the future decentralized places", explained the company.
ripple Liquidity Hub enables customers to "seamless access to crypto-assets from a variety of global places"
Ripple announced on Tuesday that there is a new product called "Ripple liquidity hub." The announcement explains:
ripple Liquidity Hub will enable customers to access crypto-assets from a variety of global places, including market makers, stock exchanges, OTC desks and in the future decentralized locations.
Asheesh Birla, managing director at Ripple, explained that the new product was aiming to "be a one-stop shop for companies in order to obtain all tokenized assets".
ripple Liquidity Hub is expected to come onto the market in 2022. "The product will support the turnkey integration and intelligent order forwarding to obtain digital assets at optimized prices and give customers the opportunity to easily buy, sell and keep crypto-assets." Ripple explained.
First, the platform "support" btc , eth , ltc , etc , bch and XRP (Availability will vary depending on the region), with plans to expand to more tokenized assets, "added the company and found that" in the future "Ripple plans to add additional functions such as support for set and earnings generation functions."
In the announcement, it is pointed out that Ripple uses Liquidity Hub internally for almost two years "for internal liquidity management as part of its on-demand liquidity (ODL) product that drives millions of transactions worth billion dollars".
ripple’s first partner who uses the product is the crypto-to-cash network Coinme. "First of all, Coinme will use the underlying technology platform from Liquidity Hub, to unlock additional functions with plans as soon as they are available." Ripple in detail.
This announcement of the product launch came as a ripple continues its legal dispute with the US stock exchange supervision SEC. The securities supervisory authority is suing Ripple Labs, his CEO Brad Garlinghouse and co-founder Christian Larsen for the alleged procurement of more than 1.3 billion US dollars by XRP which the Commission considers as an un registration offer of securities. Ripple and his executives fight against the lawsuit and insist that xrp is not a security.
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