Exciting news around Ripple and one of the biggest Mexican exchanges Bitso are all the talk right now. News of rebranding the xRapid product.
After the Ripple rebranding of their xRapid product as ODL (On-Demand Liquidity), partnering with one of the largest Mexican exchanges Bitso, ODL with MoneyGram started bringing success on the table. Ripple got a big investment in Bitso along with the collaboration and got the exchange to add one of Ripple’s executives to the directors board.
The XRP community reports that Ripple is doing pretty good on the Bitso exchange and also the ODL product is coming off quite well after its introduction next to Ripple’s investment in the giant trading platform.
This tweet shows a chart with XRP/MXM accounting for 80% of the total trading volume of Bitso.
XRP/MXN is currently accounting for 𝟖𝟎% of the total trading volume at @Bitso
Bitso Liquidity Index reached a new ATH again.
Consistenly with comments on MoneyGram/Ripple, as we have entered into Q4, #ODL volumes have shown sustained incremental rates.
This is the beginning. pic.twitter.com/I0vQpBbbZe
— XRP Research Center (@XrpCenter) October 20, 2019
Ripple Q3 Report
Recently Ripple introduced a report of the Q3 results and within the document important issues were covered like XRP price movements and the company’s partnerships with startups like Algrim, Logos, Coinme, and others. The issues associated with uncertainty and doubt have been quite intense within the company and the digital XRP asset.