Connect with us

Hi, what are you looking for?

ELEVENEWS

Ripple

Ripple’s ODL platform to Australia spikes in liquidity to register ATH

Source: Pixabay

Ripple‘s on-demand liquidity [ODL] platform has been forming partnerships and opening gateways across the world, however, only a handful of these are known to the public. However, the active corridors have been reflecting consecutive highs over the past few days, indicating a driven interest in cross-border payments.

The newest corridor that became active around 8 January, XRP/AUD has been registering an ATH for the past ten days and noted liquidity of almost 1.8 million XRP, equivalent to $408,780.

Source: Twitter

Source: Twitter

According to @hmatejx‘s representation of ODL services, the corridor reflected a weekly flow of nearly $2 million, while the monthly flow stood at $7 million. Ripple’s corridor to the Philippines also recorded ATH for five consecutive days.

Source: Twitter

Source: Twitter

Liquidity Index Bot on Twitter, updated the XRP/PHP charts to note that the liquidity breached the previous record, and was at an all-time high at 1.80 million. The ODL platform to the Philippines has been active for a while now and witnessed strong liquidity since December. Despite a downtime at the beginning of January, the platform gained more traction and started trending in the past week. The USD-PHP volume in the past 24-hours has been 148,242.75, while AUD-PHP reported a volume of 70,676.65.

Ripple‘s corridor to Mexico has been trending since it went live and reported another ATH at 11.2 million. According to Public Tableau, Bitstamp-Bitso noted a daily ODL flow of 4million, while the monthly flow reached 22 million. The Mexican corridor has been noting strong USD-MXN volume in the past 24-hours of 1.80 million.

Source: Twitter

Source: Twitter

In the coming year, Ripple will announce more partnerships and corridors.

News Source

You May Also Like

Ripple

Before we dive into to predicting the Ripple future and XRP price forecast, let’s quickly sum up what awaits you in this article: First,...

Cardano [ADA]

Just like it always does, crypto made another violent, strong move in the direction no one expected it and all coins gained back losses...

Ripple

American economist Jeffrey Tucker, who also works as the editorial director at the American Institute for Economic Research (AIES), called Ripple XRP “brilliant technology”...

Ripple

A new job opening at Ripple is revealing the company’s ambitions to build a trading platform connected to its XRP-powered cross-border payments solution, On-Demand...

Copyright © 2020 Elevenews