Businesses Can Now Utilize the Newly Launched Ripple Crypto Liquidity Hub

Ripple has launched its Ripple Liquidity Hub, a fully-fledged public version to enable enterprise users to access liquidity across a range of assets, including cryptocurrencies, nonfungible tokens (NFTs), and central bank digital currencies (CBDCs). The system will facilitate movements into and out of these different assets, source crypto liquidity, and act as a bridge between crypto liquidity sources and fiat for enterprises. Ripple lawyers have touted use cases such as these as arguments in the firm’s ongoing battle with the Securities and Exchange Commission (SEC) which sued the company in 2020 for selling unregistered securities. Ripple’s native XRP token climbed almost 7% on the day, changing hands for $0.542, XRP has gained 44% over the past month, but it remains down 84% from its January 2018 all-time high of $3.40. The next major move is likely to hinge on whether the company is victorious against the SEC.

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