The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

XRP Volume Flips Bitcoin (BTC) on Crypto Exchange Bitso As Ripple Gains Traction in Mexico

by Daily Hodl Staff
February 4, 2020
in Ripple and XRP

By a wide margin, XRP is now the top-traded cryptocurrency paired with the peso on Mexico’s largest crypto exchange, Bitso.

CoinMarketCap reports that Ripple’s native currency has leapfrogged Bitso’s Bitcoin/MXN pairing, with $5,139,329 in XRP volume compared to $806,619 for BTC, at time of publishing.

The volume is due in part to Bitso’s partnership with Ripple. The exchange facilitates Ripple’s XRP-powered cross-border payment solution called On-Demand Liquidity (ODL), assisting money transfer giant MoneyGram in moving 10% of its daily transaction volume between Mexico and the US.

Says Daniel Vogel, the CEO and co-founder of Bitso, in a recent interview,

“We are finally capitalizing on the huge cross-border flow that exists between the U.S. and Mexico, which is between $30 and $36 billion a year… We’ve built the product alongside with Ripple, and we’re seeing a significant amount of traction, and we believe that this is just the beginning of something…

The stretch goal that I have set for the company is that we get to 20% of the weekly remittances [between the US/Mexico corridor] by the end of 2020.”

Vogel also says his team is looking to expand into other parts of Latin America.

“We just launched a beta in Argentina, which should become a full-blown experience starting next month, and we have a team in Brazil that is actively looking into Brazil. It’s an interesting jurisdiction because it’s a large market — it’s the largest economy in Latin America.” 

Ripple launched its XRP remittance product in October of 2018. Its US-Mexico corridor recently hit an all-time high in daily volume, according to the Liquidity Index Bot.

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Zircuit Enables Non-Custodial Wallet Top-Ups for Crypto.com Visa Cards
    May 30, 2025
  • How To Accept Cryptocurrency on Your Website – Step-by-Step Instructions
    May 29, 2025
  • Stanford Grads Announce $28 Million Blockchain Builders Fund Incubating Frontier Web 3.0 Startups
    May 29, 2025
  • Bet20 Launches Premium Casino Platform With Trusted Licensing, Instant Crypto Withdrawals and Elite Gaming
    May 29, 2025
  • Reddio’s Exclusive Token Generation Event and Alpha Trading on Binance Wallet – May 29, 2025
    May 29, 2025
  • Weed Launches Global Well-Being Platform Powered by AI
    May 28, 2025
  • BitMEX Unveils AI-Powered VIP Trading Reports in Partnership With Hoc-Trade
    May 28, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$103,711.79
$103,711.79
2.29%
Ethereum
$2,518.47
$2,518.47
4.65%
BNB
$654.17
$654.17
2.83%
Solana
$154.71
$154.71
6.34%
XRP
$2.13
$2.13
3.7%

Spotlight

  • ‘Things Are About To Get Silly’: Analyst Says Bitcoin on Cusp of Most Aggressive Expansion Since Inception
    May 23, 2025
  • Crypto Analyst Issues Bitcoin Alert, Says BTC Dump Incoming if History Repeats Itself – Here Are His Targets
    May 23, 2025
  • Hacker Plunders $223,000,000 Worth of Crypto from Sui-Based Decentralized Exchange
    May 23, 2025
  • Analyst Says Full-Blown Altseason Has Started, Outlines Path Forward for Dogecoin, Floki and Pepe
    May 23, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl