• Ripple has launched a new liquidity product called Liquidity Hub to reduce the gap between crypto and fiat.
• The platform currently supports major cryptos but not XRP, raising eyebrows among the Ripple community.
• Ripple clarified that they are waiting for regulatory clarity in the US before considering XRP inclusion.
Ripple’s New Liquidity Hub
Ripple recently launched their new Liquidity Hub aimed at reducing the gap between crypto and fiat for businesses. The platform currently supports several major cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ethereum Classic. However, curiously absent from this list is Ripple’s own native token, XRP.
XRP Excluded From Platform
The exclusion of XRP from the platform has caused confusion among members of 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). According to SEC allegations, Ripple raised $1.3 billion through an unregistered security offering by selling XRP to investors – a dispute which has been ongoing since 2020.
Ripple Clarifies Position
In order to address these concerns, Ripple released an announcement clarifying that they will evaluate adding support for XRP on their platform in line with regulatory clarity in the US market. They asserted their desire to offer a wide range of assets to customers while simultaneously observing all applicable legal requirements.
John Deaton Supports Stand
John Deaton spoke out in support of Ripple’s stand on not yet supporting XRP within their Liquidity Hub product until there is more regulatory certainty around it in America – especially as other companies may hesitate to invest or support XRP until then too. This is particularly concerning given how much money ($100 million) have already been invested into this legal battle by Ripple itself so far!
It remains unclear when exactly we can expect regulatory clarity within America surrounding XRP – however when this does happen we can anticipate seeing its inclusion within products such as Liquidity Hub from Ripple themselves! Until then though it seems unlikely that we’ll see any progress regarding its adoption within other services either.