Ripple News Today – Ripple’s ODL is Now Available in 55 Plus Countries and China is Taking the Lead – October 12th, 2020 

XRP2
  • Ripple’s On-Demand Liquidity Solution is Now Available in More than 55 Countries
  • Ripple Moved Over 100 Million XRP Tokens Recently From One Account to Another
  • Ripple XRP Finds Stability at the $0.2500 Level 

Ripple News Today – Ripple’s on-demand liquidity solution has been making a lot of progress since it was launched. While it is still far away from global adoption, Ripple claims that more than 55 countries across the globe now use the ODL solution. The product is available in all of Western Europe, Australia, Alaska, the United States, all Latin America regions, Scandinavia, and Mexico. RippleNet is available in India, some parts of Africa, Bangladesh, and China. Of all these countries, the blockchain conglomerate has spread through almost all of China.

Ripple News Today – Ripple Moves Over 100 Million XRP Tokens From One Account to Another

In other news, Ripple is still liquidating funds and selling them to fund the XRP ecosystem. Recently, they liquidated over 100 million XRP tokens. Part of the tokens liquidated was moved to Ripple’s European ODL corridor. While the rest were transferred across Ripple wallets. The 100 million XRP was sent in eight different transactions with some bulkier than the others. The transaction was reported on the XRP Ledger monitor. At current prices, the 100 million XRP tokens amount to $25,493,410. Most of the eight transactions were sent between RL18-VN wallet and Ripple wallet, Ripple’s wallets. Many people in the XRP community believe that the RL18-VN wallet is an escrow extension of Ripple.

About 10 million from the total XRP tokens were sent to the cryptocurrency exchange Bitstamp. This isn’t a surprise since Bitstamp controls one of Ripple’s on-demand liquidity corridors in Europe. The ten million tokens are equivalent to $2,548,743 in fiat.

XRP Price Prediction 2020 – Ripple XRP Finds Stability at the $0.2500 Level 

At the time of writing, the price of the XRP token was $0.257109. It was down by 0.03% against the USD and down by 1.47% against Bitcoin BTC. The trading volume over a 24 hour period was $2,034,979,902 and the market capitalization was $11,611,675,325. The XRP token has found relative stability above the $0.2500 level. The XRP token and Ripple’s ODL solution have the potential to change the game in the traditional financial industry. The poor price action of the token over the last few years hasn’t been encouraging to investors who are interested in making a profit from the XRP token. We have to wait and see what happens in the next few days of trading. Bitcoin and the rest of the cryptocurrency market has been following Cardano ADA’s lead over the last 24 hours.

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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