- Liquidity Hub operates as a stand-alone solution to its cross-border payments service.
- Ripple (XRP) currently trades for $0.5209.
Ripple has announced the official launch of Liquidity Hub, a new business service. According to the company’s official statement, it plans on getting onboard the first generation of users after a protracted stress-testing exercise.
The first iterations of the liquidity hub will support the digital currencies Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), Litecoin (LTC), and the fiat U.S. dollar (USD). Additionally the product announcement makes no mention of XRP.
Ripple stated:
Liquidity Hub is publicly available to provide businesses with a simple, seamless way to manage their modern crypto liquidity needs.
The Ripple Liquidity Hub operates as a stand-alone solution or a supplement to its cross-border payments service. With the liquidity hub, additional businesses can start incorporating cryptocurrencies into their financial strategy as a form of the exchange or as a low-cost option for international value transfers.
In late 2020, SEC filed a lawsuit against the business, charging it with marketing unregistered securities. Also last week, lawyer Jeremy Hogan anticipated that Ripple would prevail in the case.
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