Close to 64 million XRP tokens have been shoveled to these major crypto exchanges
News Fri, 10/13/2023 – 12:27
64 million XRP on move, here’s who stands behind this
According to recently published tweets by the aforementioned tracking service, chunks of 31,200,000 XRP and 32,600,000 XRP have been transferred to crypto exchanges Bitstamp (located in the EU) and Bitso (crypto unicorn based in Mexico, the largest crypto exchange in Latin America).
Aside from the possibility of Ripple selling these large amounts of XRP, there is another possible explanation. Bitso and Bitstamp are among the platforms that collaborate with Ripple on ODL, its On-Demand Liquidity solution that utilizes XRP for instant cross-border payments. Recently, Ripple decided to rebrand ODL into simply “Ripple Payments” to make it easier for outsiders to understand.

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• Stellar and Bitso are collaborating to promote international USDC payments to Latin America.
• Bitso will use Stellar’s Anchor Network to facilitate cross-border payments and remittances to Argentina, Mexico and Colombia.
• Stellar recently partnered with HoneyComb and Coinme for similar USDC transactions.
Bitso, a Latin American crypto-powered financial services platform and crypto exchange, has announced a partnership with Stellar in an effort that will see the two collaborate in advancing international payments.
The partnership will see Bitso integrate Stellar’s Anchor Network to allow companies from across the world make USDC payments across Latin America, starting with Mexico, Colombia and Argentina.

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