Ripple announced that they surpassed 300 customers this year and out which more than two dozens are using XRP through On-Demand Liquidity. MoneyGram, goLance, Viamericas, FlashFX, and Interbank Peru are some of the company’s customers that are using On-Demand Liquidity.
On-Demand Liquidity, previously known as xRapid, is Ripple’s product that allows easy and secure cross-border settlements. According to Ripple, the number of transactions in the payment system has grown seven times since the end of Q1 2019.
“Strongest year so far.”
Ripple’s CEO called 2019 as the strongest year for the California-based fintech company. The CEO tweeted that the network is stronger than ever, and the momentum behind On-Demand Liquidity is only beginning. He also said that they are excited to continue this momentum into next year and for the expansion of ODL into new markets.
Good things come in 3s – at our 3rd annual Swell event we announced @Ripple has more than 300 customers, more than 2 dozen of which are using #XRP through On-Demand Liquidity. The network is stronger than ever, and momentum behind ODL is only beginning. https://t.co/NQGEoH8hJI
— Brad Garlinghouse (@bgarlinghouse) November 7, 2019
Alex Holmes, MoneyGram’s CEO, said that the partnership with Ripple helped them to improve global liquidity and settlement, and they have already started seeing the product’s potential to streamline their back- end capabilities.
XRP continues to trade below $0.300
The XRP has failed to maintain positive upward momentum. At the time of writing, XRP is trading at $0.2800, down 5% on day to day basis. XRP broke the lower boundary of the recent range and flash-erased to $00276 yesterday. Trend analysts have predicted a bearish trend for the XRP in the short term.