Brad Garlinghouse, Ripple CEO, recently released its new crypto product even amid a legal battle against the SEC. Brad made the announcement that the new product will allow monetary corporations to offer their customers the ability to buy and promote crypto.
The San Francisco-based FinTech startup has named the latest feature Liquidity Hub.
Liquidity Hub will help enterprise buyers access different sources for their digital assets. The sources include exchanges, over-the-counter trading desks, and market makers. The feature will also allow users to buy and sell a group of crypto in one go.
Be it Bitcoin, Litecoin, Ethereum, Bitcoin Cash, XRP, Ethereum Classic, the feature will support them all. The FinTech startup also specified that the feature brings hopes to supply digital assets like NFTs at some point. Liquidity Hub is still in its preview stage but will surely make it to the market in 2022.
Starting in 2012, Ripple has come a long way in the market, especially because of its crypto XRP. The FinTech startup presents XRP as a bridge to financial firms, required for speeding global funds via an On-Demand Liquidity product. You can get more information here about XRP’s potential and impact in the future.
With over 60 billion dollars worth of XRP in the market, it is currently the seventh-biggest virtual foreign currency. Ripple also offers a platform called RippleNet, which is a financial messaging solution used by facilities like banks to ship cash across borders.
The latest feature has come at a hot time as Ripple is still defending a case against the SEC. Despite the SEC filing a complaint against XRP in 2020, the crypto has survived the market and even regained its price.