Ripple/XRP-XRP Retailers Out Of The Game?, To Burn,Or Not To Burn The Escrow,That Is The Question?

According to CoinMarketCap data, XRP presently ranks seventh largest in terms of market capitalization. With a present market valuation of $37.46 billion, XRP now ranks ahead of Terra (LUNA), Cardano (ADA), and Avalanche (AVAX). The majority of cryptocurrencies tanked over the last 24 hours, erasing both daily and weekly gains. XRP trades at $0.77 at press time after dipping to lows of $0.75 earlier.

More payment providers are leveraging Ripple with the uptake of RippleNet’s On-Demand Liquidity (ODL) service in the APAC and MENA region surging in response to increased demand for quick settlements and immediate access to funds.

APAC reportedly is one of the fastest-growing regions for RippleNet, where transactions have risen 130% year-over-year. In recent years, APAC (Asia Pacific) has risen to dominate the digital banking business, accounting for 20% of the world’s approximately 250 digital banks.

As previously covered by U.Today, iRemit, a non-bank remittance service provider that leverages Ripple’s ODL to process Australia-to-Philippines remittances, has announced a partnership with Velo labs to unlock the $34 billion cross-border payment market in the Philippines.

Last year, Novatti Group announced joining Ripple’s global payment network to tap RippleNet’s On-Demand Liquidity (ODL) service—leveraging the digital asset, XRP, for cross-border payments.

Ripple and Novatti’s efforts targeted first the Australia-Philippines corridor through a partnership with iRemit, the largest Filipino-owned non-bank remittance service provider.

Ripple has also announced a partnership with Invert to support carbon reduction and removal projects and help fight climate change. By working together, Ripple and Invert will vet and accelerate capital deployment to build a broader portfolio of credit generation projects.

Ripple/XRP-Ripple Settlement This Month?,UST Yellen Testifies,John Deaton/Fox Business