Ripple Launches Liquidity Hub, Excludes XRP
Ripple recently introduced the Liquidity Hub, a product designed to simplify businesses’ access to cryptocurrencies. However, the surprising part is that XRP, a crucial digital asset used in Ripple’s cross-border payment system, was not included in the launch. This decision has raised questions from prominent figures in the crypto community.
Key Points:
- Australian lawyer Bill Morgan questioned why XRP was excluded from the Liquidity Hub, considering its legal certainty compared to other coins like Litecoin, Bitcoin, Ethereum, and Bitcoin Cash.
- There are concerns about the vague details surrounding the Liquidity Hub, its enterprise-focused nature, and the potential impact on other listed digital assets.
- Ripple’s blog post mentioned that XRP will be evaluated for support within the product, indicating that it may be included in the future.
- The Liquidity Hub aims to optimize prices by utilizing deep liquidity pools covering various digital assets, such as USD, BTC, ETH, ETC, BCH, LTC, USDC, and USDT.
Hot Take:
Ripple’s decision to exclude XRP from the Liquidity Hub has sparked speculation and debate within the crypto community. While Ripple has mentioned that XRP will be evaluated for inclusion, the reasons behind its initial exclusion remain unclear. This move highlights the complexities and legal uncertainties surrounding digital assets, and it will be interesting to see how this decision impacts the future of XRP and Ripple as a whole.
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