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Holders to See Rise of XRP on Bitso as Ripple Invests on Firm 

Jamie West by Jamie West
November 5, 2019
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Ripple has officially made it known to the public that it has invested in Mexican on-demand liquidity (ODL) cryptocurrency exchange, Bitso.

Through Twitter, the developer of the virtual token, XRP, released its official statement on October 14.

Ripple stated that Bitso plays an essential role in #RippleNet’s United States to Mexican corridor.

The company also mentioned that they are excited to grow their collaboration as they expand their reach in Latin America.

Ripple’s Twitter statement consists of a quote to the tweet of Asheesh Birla, the Senior Vice President of Product at the cryptocurrency organization, released on the same day.

Birla, whose Twitter handle is @ashgoblue, remarked that they are excited to reveal their investment on Bitso.

He cited in his tweet that Ripple and the Mexican ODL cryptocurrency exchange’s alliance dates back to 2014.

The Ripple executive added that they are honored to back their next level of expansion as they progress in Latin America.

Bitso is reportedly going to play a vital role in the liquidity of XRP/MXN.

Bitso2 | XRP & Ripple News
Ripple remarked that Bitso plays an essential role in #RippleNet’s United States to Mexican corridor.

Yesterday, the Mexican on-demand liquidity (ODL) cryptocurrency exchange witnessed a 10-percent surge in XRP liquidity, setting an all-time high.

The liquidity of Ripple’s virtual token on Bitso is presently 2.9 times higher than the Bitcoin liquidity.

Bitso3 | XRP & Ripple News
Ripple’s virtual token, XRP, is presently the leading cryptocurrency traded on Bitso.

This development is relevant as XRP is presently the leading cryptocurrency traded on the Mexican ODL cryptocurrency exchange.

jamie xrp news | XRP & Ripple News
Jamie West
Tags: cryptocurrencycryptocurrency exchangeMexicoODLon-demand liquidityRippleTwitterXRP
Jamie West

Jamie West

Jamie is an XRP veteran & keeps his finger on the pulse when it comes to all things crypto.

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XRP News – Keeping You Up To Date With All Things XRP & Ripple

In the rapidly evolving world of digital finance, XRP stands out as a pioneering force, reshaping the landscape of cryptocurrency and blockchain technology. As a core product of Ripple Labs, XRP is not just a digital currency; it’s a breakthrough in how we perceive and engage with global financial transactions. This article delves into the essence of XRP, exploring its distinctive features and the reasons behind its growing popularity.

Unmatched Transaction Speed

One of the most compelling attributes of XRP is its unparalleled transaction speed. In a world where traditional banking can take days to process cross-border payments, XRP offers a stark contrast with its ability to settle transactions in mere seconds. This efficiency is a game-changer for both individuals and businesses, ensuring that funds are transferred quickly and seamlessly around the globe.

Low Transaction Costs

Another significant advantage of XRP is its incredibly low transaction fees. Compared to other major cryptocurrencies and traditional banking methods, XRP stands out for its cost-effectiveness. This feature makes it an attractive option for micropayments and regular international transfers, offering a more affordable solution for everyday transactions.

Scalability and Sustainability

Scalability is a critical factor in the cryptocurrency world, and XRP excels in this aspect. Designed to handle a large volume of transactions without compromising speed or cost, XRP is well-equipped to meet the demands of a growing digital economy. Additionally, its consensus protocol is less energy-intensive than the traditional proof-of-work used by many cryptocurrencies, making XRP a more environmentally sustainable choice.

Broadening Financial Access

XRP is not just a tool for efficient transactions; it’s a catalyst for financial inclusion. By simplifying and reducing the cost of cross-border payments, XRP has the potential to open up global markets to individuals and businesses who previously found these transactions prohibitively expensive or complex. This democratization of financial services is a cornerstone of XRP’s vision.

The Ripple Effect

Ripple Labs, the company behind XRP, is continually expanding its partnerships with financial institutions worldwide. These collaborations are not only a testament to the reliability and practicality of XRP but also a driver for its adoption in mainstream finance. As more banks and payment providers integrate XRP into their systems, its impact and relevance continue to grow.

A Community of Innovators

The XRP community is a vibrant and dynamic force, comprising developers, entrepreneurs, and enthusiasts. This community is at the forefront of exploring new use cases for XRP, pushing the boundaries of what’s possible in the realms of digital payments and blockchain technology.

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