July 28, 2021, | AtoZ Markets- RippleNet’s live On-Demand Liquidity (ODL) service, which is one of the world’s most valuable cryptocurrencies, received a significant boost today after Ripple announced the launch of the first implementation of RippleNet’s live ODL service in Japan.
According to Coinmarketcap, the sixth-largest global cryptocurrency already has a market capitalization of more than $35 billion. Similarly, this digital currency has surpassed the well-known Dogecoin (DOGE).
In the last 24 hours, the market value of XRP has increased by more than 8%, and thus its total share of the market has now reached 2%.
Ripple’s announcement of on-demand liquidity (ODL) in Japan was among the main reasons for XRP’s upward movement.
Ripple, a large American cryptocurrency company, has announced a partnership with SBI Remit of Japan and Coins.ph of the Philippines to establish RippleNet, the world’s first live on-demand liquidity on demand (ODL) service in Japan.
Customers can buy Ripple on credit through the service, which offers a single and simple credit access option for each marketplace that uses XRP.
The credit line, according to Ripple, is more efficient than traditional ODL services.
The new service is also claimed to be substantially less expensive than commonly available alternatives, as well as totally transparent, with no hidden fees or charges.
“The launch of ODL in Japan is just the start, and we look forward to continuing to push into the next frontier of financial innovation” Representative Director of SBI Remit, Nobuo Ando, said.
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