82 million XRP transferred by Ripple and Bithumb to this wallet: Details
Ripple helped move over 80 million XRP, part of which went to the Philippines
- 82 million XRP transferred by Ripple and the first Korean exchange
- On-demand liquidity powered by XRP
Leading blockchain platform Whale Alert, which tracks large cryptocurrency transactions, detected that more than 13 hours ago two large XRP transfers were made.
One of the companies that sent these funds was San Francisco-headquartered fintech giant Ripple, which operates the XRP Ledger and markets itself as the distributor of XRP to other companies and markets.
82 million XRP transferred by Ripple and the first Korean exchange
According to Whale Alert and some of its recent tweets, two chunks of XRP, carrying 20 million and 62 million coins, were transferred in the last 14 hours.
Sixty-two million XRP have been moved between Bithumb‘s internal wallets, according to additional data provided by Whale Alert. As for Ripple, it transferred 20 million coins to its on-demand liquidity exchange in the Philippines – Coins.ph, using one of its additional wallets, RL18-VN.
As reported by U.Today earlier, Ripple’s two other ODL platforms – Bitso and Bitstamp – had received 20 million XRP each from the leading crypto exchange Bittrex, located in the United States.
On-demand liquidity powered by XRP
ODL corridors are used by Ripple and its customers to make transparent cross-border payments in a fast and cheap way, without having to make prepayments to the destination account. ODL uses the Ripple-affiliated XRP coin, which is then exchanged for a local fiat currency and then reaches the receiver.