Ripple Launches Liquidity Hub for Finance Enterprise

Ripple liquidity hub is currently in the preview stage and will launch in 2022. It is aimed at finance companies that will offer cryptocurrency trading to their customers.
Ripple Launches Liquidity Hub for Finance Enterprise

In Brief:

  • Ripple Labs, announces a new services as Ripple Liquidity Hub.
  • The aim is to offer cryptocurrency trading to their customers at the best prices.
  • The first partner for the new service is Coinme, the payments and crypto ATM company.

Ripple, the leading provider of enterprise blockchain and crypto solutions, plans on launching Ripple Liquidity Hub. It’s a breakthrough new approach for enterprise customers to easily and efficiently source digital assets from the widespread crypto market.  

This crypto liquidity platform developed for the enterprise will accelerate the shift to crypto. Ripple Liquidity Hub will also allow their end customers to seamlessly access crypto assets from various global venues such as market makers, exchanges, and OTC desks. Customers can buy, sell, and hold digital assets at the best possible prices across a variety of decentralized venues.

Unlike other platforms, Ripple Liquidity Hub provides solutions for the specific pain points of enterprise customers, eliminating the need for long and resource-heavy integrations through a streamlined API.  It does not require pre-funding in order to free up working capital.

The offering would provide enterprise customers access to the BTC, ETH, LTC, ETC,  and BCH. It would also include XRP, which Ripple already offers with its existing services.

In the company’s blog post, It was stated that XRP ledger and XRP will continue as a native part of our tech stack, though Ripple is trying to achieve interoperability to unlock crypto’s true potential. This will enable greater competition and inclusion. Hence, Ripple Liquidity Hub would initially support BTC, ETH, LTC, ETC, BCH, and XRP with plans to add additional digital assets over time. 

Ripple also clarified that they will launch a liquidity hub for six cryptocurrencies. To achieve that the company has started to collaborate with financial institutions. The liquidity hub will use smart order routing to find crypto assets at affordable prices, according to the announcement on Tuesday.

Asheesh Birla, General Manager of RippleNet showed his excitement for the new launch stating that the infrastructure for the service is already quite efficient, thanks to the company’s RippleNet and On-Demand liquidity (ODL) products. Branching out to include more cryptocurrencies was a response to customer demand. 

The first partner for the new service is Coinme, a crypto ATM company that is currently working with Walmart to allow customers to buy bitcoin at around 200 kiosks in Walmart stores. Birla also referred to working with Coinme as a “match made in heaven.”

Recently, Ripple has also joined the digital pond foundation focusing on CBDC development to provide technical advice to build a digital financial system. Ripple’s plan to launch its liquidity hub can be a step towards channeling deep liquidity within markets.

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