Summary

XRP liquidity reaches new highs on multiple pairs.

RippleNet provides on-demand liquidity for global financial institutions.

XRP liquidity reaches new highs on all three XRP pairs as volumes across the US/Mexico corridor pick up. This liquidity represents the growing use of Ripple’s On-Demand Liquidity Platform, RippleNet.

Someone just flipped a switch!



All three liquidity indexes just made NEW ALL TIME HIGHS?



• XRP/MXN

• XRP/AUD

• XRP/PHP#xrpcommmunity #xrp pic.twitter.com/B02hhCnh00 — The Cryptic Poet (@1CrypticPoet) April 10, 2020

All three XRP liquidity pairs have been picking up steam, reaching an all-time liquidity high. This liquidity represents the amount of Ripple flowing through these pairs/corridors.

For example, the highest growing pair XRP/MXN, is likely a result of Bitso and Moneygram’s partnership with Ripple. As a result, RippleNet now provides millions of dollars in on-demand liquidity to Mexico, one of its largest customers.

It is possible that COVID-19 is fueling demand as banks are in a sudden need for liquidity. With over half of the globe in lockdown, cross-border payments have become slower as banks are operating with less staff. However, RippleNet utilizes the decentralized blockchain and is not dependent on centralized services.

What is RippleNet

RippleNet is a platform that provides financial institutions with quick and reliable access to liquidity at a cost-effective price. This helps enables seamless and streamlined cross-border payments and transfers. The platform now has over 300 customers in over 40 countries.

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