Today Ripple announced a new crypto solution, the Ripple Liquidity Hub, that’s not limited to XRP and targets enterprises. To be launched next year, it enables aggregated access to cryptocurrency market makers, exchanges and OTC desks. The company is targeting existing RippleNet clients that want to offer cryptocurrency services to their customers.
While Ripple’s products have morphed over the years, most recently, it has two core solutions. The first is RippleNet, a payment messaging service used by financial institutions that does not use cryptocurrency.
Secondly, there is its On-Demand Liquidity (ODL) solution, which enables companies and money services businesses, in particular, to use the XRP cryptocurrency as an intermediate currency to send international payments without using the correspondent banking system.
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