180M XRP Ripple-Wired Tokens See ODL Payment Volume Leap

180M XRP Ripple-Wired Tokens See ODL Payment Volume Leap

XRP, token from Ripple, has recently been on the rise, reaching the current level of c.$0.20 (as per Cryptolydian’s Coins Market Cap figures) and the XRP Liquidity Index is hitting a new all-time high of 23,147,448 on the Mexican Bitso exchange.

Over the past twenty-four hours, it has detected over a dozen transactions that wired nearly 180 mln XRP. The unicorn blockchain, Ripple, has participated directly in several of them.

Remittance Volumes Soaring

Twitter user @galgitron recently shared a chart showing a surge in volumes of remittance payments with its 22,000 followers. The user pointed out that they are not all ODL payments, Ripple’s On-Demand Liquidity (ODL) payment technology, from MoneyGram’s Ripple partner, but a certain amount of them are ‘definitely ODL-related.’ And the volume is ‘promising’ as per @galgitron.

Nearly 180M XRP Sent

The bot of the XRPL Monitor reported that several entities recently transferred 178.4 mln XRP-$ 35,704,090. The blockchain giant Ripple wired a part of it.

The South Korean-based Bithumb exchange was also among the senders and receivers of the rest of the funds. XRP’s majority, this time, was being moved by anonymous wallets.

Major XRP enthusiast Robert Art reminded the community that after the recent XRP fall following the collapse of the BTC on March 12, the third largest coin now stands at 35 percent.

Right now, according to Cryptolydian’s Coins Market Cap figures, Ripple’s token is trading at c$0.20, showing an 8.16-percent rise.

Cryptolydian reported yesterday that,

Catherine Fitts, president of Solari Inc., said the U.S. Navy has hired a tech firm a year ago to develop implantable microchips compatible with Ripple, U-Today website reported Monday.

Chips to integrate with Ripple

Kevin Cage, crypto enthusiast, retweeted a video from @xrp_stuart. In the video, Fitts said a year ago she accessed data showing that the U.S. Navy hired a Danish tech firm to develop microchips compatible with the Ripple blockchain.

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Abdulhay Mahmoud 414 Articles
Abdulhay Mahmoud is a creative writer with over 15 years of experience in journalism, translation, and investor relations. He has B.A in English and Literature from a reputable University. He recently became a contributor at Cryptolydian.com to fulfill his thirst in reporting digital coins and blockchain-related news, an interest was built over the years.