Ripple News Today – XRP Liquidity Index Surges Following News About Expansion of MoneyMatch And Fight Against COVID-19 – April 17th, 2020

  • Ripple XRP’s Liquidity Index Skyrockets in Two ODL-Powdered Corridors Reaching All-time Highs
  • Ripple Makes Major Donations in the Fight Against Coronavirus

Ripple News Today – Yesterday, Ripple posted a blog about its partnership with MoneyMatch, a Malaysian based remittance app. Shortly after the blog was published, the XRP liquidity index volume increased significantly reaching their all-time highs in two ODL corridors. In our Ripple news yesterday, we talked about how MoneyMatch gained significantly from its partnership with Ripple. Now, the company is planning to expand its network to new markets.

Ripple News Today – XRP Liquidity Volume Reaches All-time Highs in Two Major Corridors

The two ODL corridors that reached their all-time highs are the Australian and Mexican corridors. It was recorded on BTC Markets exchange and Bitso exchange respectively. Bitso reported 2.1 million XRP and BTC Markets reported 2.5 million XRP. These are the highest levels the corridors have ever recorded. However, there is no way to determine if there was a direct link between the blog and the surge in index volume.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.9744.95%

In our XRP news a few days ago, we talked about how the XRP index liquidity volume has been increasing steadily since the beginning of the year. In that post, the primary reason for this surge in liquidity index was an increase in the demand for remittance at this time. Millions of people around the world are turning to alternative payment methods during the Coronavirus pandemic.

Ripple News Today – Ripple Is Playing Its Part in the Global Fight Against Coronavirus

Everyone around the world is trying to stay safe and contribute in any way they can in the fight against the Coronavirus since it became a pandemic. Ripple has decided to make its contribution to the fight. In partnership with its former CEO, Chris Larsen, Ripple has pegged $5 million to food banks in San Francisco. About 5 food banks have benefited from this donation which will help provide food for those in need this period.

In 2018, Ripple launched a non-profit arm called Ripple for Good. Since then, the organization has made more than $100 million in contribution to several philanthropic causes. Right now, the San Francisco Bay area is having food shortage as several low-income earners have been forced to turn to these food banks for support to feed their families. Businesses are still closed and would not be reopened until the pandemic is brought under control. The rate of new infections has to reduce significantly before the government can even consider allowing businesses to reopen.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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