The usage of XRP is on the rise in the transactions between the United States and Mexico. A Twitter user named “TplusZero” commenced the latest talk about the cryptocurrency. In the post, the investor reported the current sprouting use of the power of XRP within and between the two countries.
Transaction flow between the US and Mexico utilizing #XRP is ramping up. Volumes to be sticky since those are based on actual economic activity/ remittances. https://t.co/eogdY8drxo
— TplusZero (@TplusZero) October 19, 2019
According to TplusZero, XRP’s volume is predicted to stay sticky, following these volumes are heavily reliant on actual economic activity within the network. At present, the crypto possesses the third-largest market cap of around $12.6 billion and a daily trading volume of nearly $1.76 billion. Further, it is also noticed that the increase in transactions between Mexico and the US pushes up the liquidity of XRP.
Besides this, the twitter user disclosed the conversion of around $2.2 million worth of XRP tokens into Mexican Peso in the recorded transactions on Sunday. XRP accounts for 78% volume of Bitso, which is the most significant exchange in Mexico. Ripple has achieved enormous success in a short period of time. A number of financial institutions have adopted the technology to enhance their system.
