Brad Garlinghouse: I’m floored by what team Ripple achieved in Q3. Here are some of my favourite stats.
Monica Longs expressed: No shortage of happenings in Q3 as CryptoCwby posted earlier, it was our best quarter for On Demand Liquidity ever! All XRP sales in Q3 went towards the ODL experience, eliminating the need for customers to pre-fund accounts at exchanges & enabling instant payments.
But wait, there’s more! XRP’s use cases within DeFi grew with Kava, Flare and others. RippleXDev debuted a $250M Creator Fund for NFTs built on the XRPL, inked a CBDC pilot partnership with Bhutan, and co-hosted the inaugural Apex Summit with XRPLF.
Asheesh Birla: On-Demand Liquidity – a labor of love from team RippleNet & testament to the power of crypto. What was once a vision a few years ago, now accounts for 25% of total dollar volume over our network RippleNet.
Jan 2021 – some thought ODL was dead. Today, 20 ODL send markets are open, volume incentives paid to customers have decreased by over 90% since 2019 and 3/5 of our highest-transacting customers in 2020 upgraded to ODL for XRP-powered payments from solely fiat-based.
And beyond our bread-and-butter (cross-border payments) Ripple is tackling use cases like treasury management, lines of credit, and liquidity services (expect more at Swell ;). Enterprises are ready and excited to integrate crypto. Q4 + beyond, here we come.
Community Response: Is it possible he mentions the number and it’s just not on the chart? Looks like about 25% as he states. X-time, y-% of ripple net using ODL?
It’s referring to the ODL volume a year ago. I would like to see a complete chart about the last 2years.
You mean XRP and Ripple achieved what cryptocurrency’s where designed for? Real use case, real volume, real Crypto currency.
Most people don’t understand that Ripple, Ripplenet, XRP are changing the way value moves. Unbelievable growth. Proud of what you guys have accomplished with all the hurdles that US regulators aka.
So my question is, does ODL have an effect in the price of XRP? Because if we go by this charge then we should have seen some price action. Since we haven’t, does this mean that ODL doesn’t affect the price? And if it doesn’t, what will?
This is huge! No other cross boarder remittance product like on- demand liquidity with XRP.
While Ripple enjoys the growth, retail investors are left to pound sands. Price of XRP is still as tired as it has been; Ripple need to step up with the SEC case.
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