The post Ripple Aims Big in E-commerce with CEO Garlinghouse Heading to Washington appeared first on Coinpedia Fintech News

Ripple’s strategic focus on e-commerce aligns with CEO Brad Garlinghouse’s mission to loop U.S. Congress members in shaping crypto bills. Recently, Brad Chase, Ripple’s head of liquidity products, emphasized the company’s strong bet on e-commerce amid the ongoing regulatory landscape. He pointed to the rising institutional embrace of blockchain and crypto technologies, foreseeing a potential market surge to $250 billion by 2030, with an impressive CAGR of 54.5%. This surge hints at a transformative shift in global value exchange dynamics.

Is Liquidity Hub a Tool For Ripple to Leverage E-Commerce? Why is the project missing XRP?

In a new interview, Chase highlighted Ripple’s transformation role, mainly through products like Liquidity Hub, tailored to navigate painless crypto payments for enterprises. He underscored the critical importance of interoperability and liquidity in streamlining crypto transactions, envisioning a future where value transfer is as effortless as sending an email. This vision opens doors to fresh possibilities for business and innovation.

Four Key Advantages of Liquidity Hub

Ripple’s ultimate vision is to see every online retailer integrate its cryptocurrency system. A round-the-clock operational system will also give them appealing tools to boost online shopping and commercial transactions. Do we see XRP in the hub? XRP is Still Not in the Ripple Liquidity Hub. Ripple added Tether (USDT) and USD Coin (USDC) to Liquidity Hub.

Moreover, online retailers and marketplaces increasingly recognize the distinct advantages of cryptocurrencies, which brings out the novel cause of e-commerce. Chase focussed on the substantial room for building high crypto standards for e-commerce and merchant payments.

However, the benefits are more than just customer-centric. They have significant operational value in play. E-commerce stakeholders stand to gain enhanced payment flow efficiency and reduced operating and settlement costs.

This is not all; crypto payments bring forth additional advantages. Ripple introduced technologies like the Liquidity Hub to facilitate the adoption of digital assets. Chase highlighted how businesses can smoothly transition to crypto payments using these tools without the need for deep technical expertise. The Liquidity Hub stands out as an epitome for businesses, optimizing cryptocurrency liquidity.

Ripple for Real-Time BTC Needs?

Furthermore, it links them to an expansive global payment network. The demand for the hub is evident, with numerous clients now turning to Ripple for real-time Bitcoin (BTC) requirements. The reach of Liquidity Hub continues to expand, with access available in regions like Brazil, Australia, and certain parts of the U.S.

Will Ripple’s one-of-a-kind project gain traction in the market? Only time will tell.

---

Filed under: Bitcoin - @ September 20, 2023 8:08 am