Ripple Insights have published their Q2 2020 XRP Markets Report. This is to ensure transparency and periodic update on the company’s view about the state of the XRP market.
The update per Ripple insights provides, “quarterly programmatic and institutional sales updates, relevant XRP-related announcements, such as Xpring and RippleNet partnerships, and commentary on previous quarter market developments. “
Ripple as an XRP holder believes that proactive communication and transparency are a part of being a responsible stakeholder.
The sales summary reports institutional direct sales (OTC), programmatic sales and total sales. The total sales for Q2 is reportedly 32.55 in dollars in millions.
The global XRP volume and total XRP volume in dollars in billions are reported. The total sales as % of total volume is reportedly 0.18% for Q2.
XRP integrations are considered to be important in developing liquid and robust markets. It is also considered to be the key to the success of On Demand Liquidity. Binance launching the XRP exchange traded options contract and XRP perpetual are integrations gaining visibility.
Ripple have stated that they are hoping to see continued evolution in the XRP infrastructure in the forth coming months in the derivatives space. And opines that this will further strengthen XRP as the top three digital asset, thus improving in robustness and liquidity.
Sydney Ifergan, the crypto expert tweeted: “Ripple XRP is hailed to be less costly, more reliable and faster than other asset types per Ripple Insights. More volumes and integrations for cross-exchange transfers using XRP is anticipated.”
Ripple XRP success of On Demand Liquidity
Financial institutions who are looking to achieve fast and reliable options for sourcing liquidity on demand will be able to do so with their ODL that leverages XRP.
Ripple XRP is the key to avoiding pre-funding with instant settlement in international payments. Particularly in the emerging markets which require businesses to hold the pre-funded accounts in destination currencies. This is proven to be costly and also ties up resources. RippleNet has been successful has they have been able to provide an alternative for this hardship.
Freeing up capital and getting the most competitive rates available today is the advantage of using digital asset XRP to source liquidity. And, all of these can happen in seconds.
RippleNet has proven 40% to 60% cost savings, 3 seconds to settle, and 24 x 7 x 365 payments.
Millions or Retail and Commercial customers are already enjoying the advantage.
Credit: Source link