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

Ripple Says 20% of All Transactions on Global Payments Network Utilize Crypto Asset XRP

by Daily Hodl Staff
August 19, 2020
in Ripple and XRP

Ripple says more than 20% of all transactions on its global network of financial institutions now use the blockchain startup’s native cryptocurrency XRP.

Asheesh Birla, Ripple’s senior vice president of product and corporate development, says in a series of tweets that the firm’s On-Demand Liquidity (ODL) solution, which facilitates cross-border payments using XRP as the bridge currency, is increasingly being used in RippleNet transactions.

“All in all, an interesting time to be in crypto (when is it not though?). It feels like the potential we saw early on to leverage blockchain and rethink how to move value without a central counterparty is on the precipice of something extraordinary.”

Source: Asheesh Birla/Twitter

According to Birla, the use of XRP in remittances is rising alongside increasing institutional adoption of crypto assets at large.

“What’s one common denominator here? Likely global uncertainty with fiat currencies, and many in the crypto industry focusing on utility, beyond just speculation. Examples like Dogecoin aside, there’s a new, growing focus on an asset’s use case, its tangibility.

We’re seeing a melding of the old world and new. It’s only a matter of time before banks offer custody services, acquire companies with those capabilities, and potentially even offer crypto lending as they see consumer interest in DeFi.”

The Ripple executive also says that dollar-backed stablecoins like Tether are also showing they have strong use cases, giving unbanked consumers and people outside of the US a way to access to the US dollar.

 
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

  • New Purpose-Built Blockchain T-Rex Raises $17 Million To Transform Attention Layer in Web 3.0
    May 8, 2025
  • Flipster Makes Esports Debut As Official Crypto Exchange Partner of TALON’s Dota Two Team, Powering a New Era of Fan Engagement
    May 7, 2025
  • Bybit Bounces Back – Kaiko Validates Fast Liquidity Recovery Post $1.5 Billion Hack
    May 7, 2025
  • ProMeet Unveils the Promeeters Program To Boost Influencer Impact and Long-Term Earnings
    May 6, 2025
  • DogeOS Raises $6.9 Million in Funding Round Led by Polychain Capital To Launch Dogecoin App Layer
    May 6, 2025
  • Casper 2.0 Goes Live on Mainnet, Positioning Casper Network for the Real-World Asset Era
    May 6, 2025
  • MultiBank Group To Tokenize $3 Billion in Real Estate Assets With MAG As It Readies To Launch MBG
    May 6, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$104,474.99
$104,474.99
0.81%
Ethereum
$2,495.09
$2,495.09
3.05%
BNB
$653.35
$653.35
0.05%
Solana
$172.96
$172.96
0.97%
XRP
$2.37
$2.37
1.54%

Spotlight

  • Bitcoin Solving Global Problem That Triggers Chaos and Fiat Currency Expansion, Says Preston Pysh
    May 4, 2025
  • Bitcoin and Gold Powerful Tools for Investors Amid Approaching ‘Sovereign Debt Crisis’: Jack Mallers
    May 4, 2025
  • Skyrocketing Number of Crypto Projects Can Be Attributed to Launch of Pump.fun, According to CoinGecko
    May 4, 2025
  • Michael Saylor’s Strategy Unveils $84,000,000,000 Bitcoin (BTC) Purchasing Plan
    May 4, 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