XRP 'doing bits' on Bitso, occupying 60% of trading volume xrparmy xrpcommunity xrpsec xrpcommunity ripple $xrp
from analytical agency Kaiko, XRP takes up more than 60% of the daily trading volume on Bitso, one of the two largest crypto exchanges in Latin America. In this case, the daily turnover of the exchange is from $20 to $30 million in pairs denominated in the key currencies of the region. That is without taking into account the simpler transactions of ordinary users.on Bitso is the partnership between Ripple and the exchange. Bitso is Ripple's On-Demand Liquidity corridor in Latin America.
. Since then, the exchange has gained momentum, and a look at data from Kaiko shows that the rivalry with Mercado Bitcoin for regional supremacy is nominal.Meanwhile, while the U.S.-Latin America remittance market is valued at more than $35 billion, Bitso's estimate is at least $2 billion as of now, according to Kaiko.
It is hard to overestimate the work done here by Ripple and Bitso, when both companies have managed not only to multiply their own successes but also to optimize monetary relationships between ordinary people as a result.
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