RippleNet Managing Director Asheesh Birla announced that the company’s XRP-based payment platform called On-Demand Liquidity (ODL) hosted billions of dollars of transactions last year. Ripple CEO Brad Garlinghouse also spoke about 2020.



RippleNet has had a strong year

Birla said Ripple’s network of corporate payment providers RippleNet had a strong year in 2020, expanding to 18 new countries, signing 15 new deals even after the US Securities and Exchange Commission (SEC) lawsuit.

Birla says that ODL handled a total of $ 2.4 billion in 2020.


Ripple CEO also appreciated 2020 performances

The SEC accused Ripple of illegally selling XRP as an unregistered security for years and paying companies to use cross-border payment products.

Brad Garlinghouse on the subject says:

According to the numbers, RippleNet has had a good year. In 2020, we made about 3 million transactions on RippleNet: This is about 5 times the volume increase compared to 2019. On-Demand Liquidity continues to grow and scale. We have experienced 12-fold growth from year to year, and the conceptual value of transactions in 2020 is approximately $ 2.4 billion.

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Global customer interest is still very strong. The team continued to make weekly new customer deals in more than 40 countries.

Garlinghouse also highlighted the growing use cases of XRP, including its partnership with the Energy Web Foundation, an organization that aims to accelerate the use of Blockchain in the energy field.

Important names are recruited

As for Ripple’s workforce, the head of the payments initiative says it continues to recruit new talent quickly.

“We have added more than 100 new faces to the Ripple team, including a few leading members. We have an incredibly resilient team to fight in 2021 and beyond. “

Garlinghouse says the company is hiring people with strong backgrounds from tech and finance companies such as Apple, Tesla, Twitter, Amazon and PayPal.

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