Ripple currently has over 20 ODL markets open and continues to drive global coverage.
RippleNet GM Asheesh Birla With Strike’s Shopify integration, we used Twitter to uncover some “misunderstandings” about Ripple’s ODL.
Last week, Strike, a digital payment platform built on Bitcoin’s Lightning Network, announced its integration with Shopify. This will allow merchants to receive Bitcoin payments in US dollars from customers around the world. Some Twitter users argued during the comparison that this could adversely affect Ripple’s ODL.
I’ve seen some tweets comparing Lightning-based cross-border payment apps with Ripple’s on-demand liquidity product (with XRP). More players focusing on this issue is good for IMOs in the industry, but let’s get rid of some misconceptions.
— Asheesh Birla (@ashgoblue) April 11, 2022
In a tweet thread, top executives of Ripple’s digital assets as Ripple teams show market expertise on ultra-hard, flat destination currencies (PHP, MXN, etc.) and solve liquidity challenges by strengthening them. Its customers state that its use is one component of the ODL solution. He also opened more than 20 ODL markets as Ripple continues to drive global coverage, despite specific challenges such as volatility and regulatory concerns related to cryptocurrency liquidity. It states that it is.
With Ripple’s On-Demand Liquidity (ODL), customers can instantly move money around the world at any time without the need for a pre-funded account.
He concludes: “Exchange only the cryptocurrency portion of the solution is like suggesting that GM is using an Energizer battery and ready to compete with Tesla. There’s still a lot to consider here.”
Recent updates on Ripple Case
In a recent update shared by defendant lawyer James K. Polk, US Magistrate Judge Sarah Netburn dismisses a motion to reconsider a deliberate process privilege (DPP) decision by the Securities and Exchange Commission. Did. Former federal prosecutors claim it is a “very big victory” for Ripple.
The court ordered the SEC to submit an email containing a draft of the infamous Ethereum speech given by former SEC Chief Executive Officer William Hinman, among other documents. In June 2018, Hinman said at a meeting in San Francisco that Ethereum is not security.
The SEC claimed that these documents were still protected by DPP for tax withholding. However, the judge commented that the personal views of the agency staff were not protected by privileges.
