Ripple Had Its Strongest Year Ever Despite The Sec’s “Attack On Crypto”

Ripple Labs managed to stay strong in 2021 despite the Securities and Exchange Commission (SEC)’s “attack on crypto”, AKA the lawsuit against Ripple and its executives. Now the payments solutions company celebrates its “strongest year ever”. Ripple CEO Brad Garlinghouse announced the achievements and had some comments to share about the SEC’s case. Ripple’s first On-Demand Liquidity (ODL) was launched earlier this year during 2021’s Q3. It is a payments solution that “allows customers to instantly move money around the world at any time”. This service first appeared as a corridor between Japan and the Philippines that leveraged the token XRP. They have recently announced Ripple’s first ODL deployment in the Middle East as well. Related Reading | Ripple Announces New Payment Corridor in Japan As XRP Rallies 23.5%, More Profits Ahead? Now, a Ripple report shows that the XRP-based On-Demand Liquidity payments accounted for 25% of the total dollar volume across RippleNet. Garlinghouse celebrated the results and added that the ODL tokens are up 25x from Q3 2020, and 130% quarter over quarter. “All of this growth came from outside the US for (sigh) obvious reasons” tweeted Garlinghouse. Related Reading | Ripple Partners With Republic Of Palau To Develop National Digital Currency The report notes that Ripple’s ODL users have access to over 20 countries ...