On Thursday, Ripple Labs disclosed its decision to unveil the Liquidity Nexus platform in Brazil and Australia. This innovative platform offers businesses a seamless avenue to engage in the acquisition, trade, and custody of digital assets.
Ripple emphasized its strong connections within these regions. These connections have been fostered through existing business relationships. Moreover, the company has identified forward-thinking enterprises that are looking to integrate cryptocurrencies to meet their clients’ payment and liquidity needs.
In response to inquiries from The Block, Ripple stated, “Liquidity Nexus offers these enterprises a unified solution. This contrasts with the fragmented approaches they currently use to access cryptocurrency liquidity.”
This service provides businesses with access to diverse liquidity sources and advanced trading functionalities. It encompasses post-trade settlement processes through a singular API.
Notably, this service was previously available in 35 U.S. states. These include, but are not limited to, California, Pennsylvania, Georgia, Michigan, Arizona, and Colorado.
Ripple Labs Enhancements Bolster Customer Experience and Support for Stablecoins
Brad Chase, the Head of Liquidity Products at Ripple, shared platform updates in a blog post issued on Thursday. These updates focus on backend enhancements aimed at improving the overall customer experience. They include additional trading user interface (UI) features and enhanced service level agreements (SLAs) for cryptocurrency deposit processing.
Furthermore, during the second quarter of the year, Ripple expanded its support to include stablecoins such as USDC and USDT.
Ripple underscored the significant enhancement these changes bring to various customer segments benefiting from Liquidity Nexus, including NFT marketplaces, cryptocurrency ATMs, and brokerage services.
Read More:
Shiba Inu Faces Ongoing Battle Against Impersonation Scams
Cloud Vendor Phishing Linked to Crypto Theft at Fortress Trust