Ripple is expanding its popular on-demand liquidity (ODL) services in the Asia Pacific region with the launch of the first-ever live ODL in Japan. Japan is Ripple’s biggest market for remittance business and its RippleNet technology is quite popular in the region. The ODL services play a key part in the RippleNet adoption as it allows for cheap and faster cross-border transactions using XRP liquidity.
Ripple targets $1.8 billion Filipino remittance corridor. Because, every year the foreign nationals send money back home using traditional foreign exchange and money transfer services.
Ripple is currently battling out the key lawsuit filed by the US Securities and Exchange Commission that had hampered its business in the US, however, it continues to forge new partnerships in Asia Pacific Region, especially Japan.
On a logarithmic daily chart, XRP is moving in an ascending channel. At the moment, the price has approached the resistance zone. Further growth is expected when 80 cents are broken and the price is consolidated above.
Best regards EXCAVO
Ripple targets $1.8 billion Filipino remittance corridor. Because, every year the foreign nationals send money back home using traditional foreign exchange and money transfer services.
Ripple is currently battling out the key lawsuit filed by the US Securities and Exchange Commission that had hampered its business in the US, however, it continues to forge new partnerships in Asia Pacific Region, especially Japan.
On a logarithmic daily chart, XRP is moving in an ascending channel. At the moment, the price has approached the resistance zone. Further growth is expected when 80 cents are broken and the price is consolidated above.
Best regards EXCAVO
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