• Ripple’s Liquidity Hub is a product launched by the blockchain firm to bridge the gap between fiat and crypto for businesses.
• It supports several major cryptocurrencies, but not XRP, sparking speculation among the Ripple community.
• Ripple clarified that XRP will be evaluated for inclusion as regulatory clarity in the US is achieved.
Ripple Launches New Liquidity Hub
Ripple has launched a new liquidity product for businesses called Liquidity Hub, aimed at reducing the gap between crypto and fiat. The platform currently supports several major cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ethereum Classic.
XRP Exclusion Sparks Speculation
Interestingly, it does not support Ripple’s native token – XRP. This exclusion has raised eyebrows among the Ripple community with some speculating that it may be due to the ongoing court case between Ripple and the Securities and Exchange Commission (SEC).
Ripple Clarifies Position
In an announcement, Ripple clarified that XRP will be evaluated along with other tokens for support within the product. The company explained that it wants to offer a wide range of assets to its customers and XRP will be considered for inclusion as regulatory clarity in the US is achieved.
John Deaton Supports Stand
Ripple’s $100 million investment in this legal battle shows how strongly they believe in their token; however John Deaton points out that it may not just be about how Ripple perceives XRP – other companies may hesitate to invest in or support XRP due to regulatory uncertainty.
Conclusion
Ripple’s new Liquidity Hub offers businesses a way to bridge the gap between crypto and fiat, but currently does not include their own native token – XRIP. Though this exclusion sparks speculation among investors and users of cryptocurrency alike, Ripple has clarified its position on offering support for XRP once US regulations are cleared up further. In addition to this statement from within their own ranks; John Deaton also weighed in on other companies’ potential hesitation due to regulatory uncertainty surrounding XRP investments or support.