• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ripple CTO Steps Down, Accepts New Offer – What You Need To Know
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ripple CTO Steps Down, Accepts New Offer – What You Need To Know
Ripple XRP

Here’s Why Ripple Is Not Using XRP For New Product: Dev Explains

Jake Simmons
by Jake Simmons
2 years ago
·
Posted in Ripple
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Last week, Ripple launched a new product, Liquidity Hub, causing a huge discussion in the XRP community. The outcry centers around the fact that Liquidity Hub does not support the XRP token.

As a result, speculations have surfaced that the company might ditch and neglect the XRP token. However, a Ripple developer responsible for the XRP-based payment solution On-Demand Liquidity (ODL) has today provided some more clarity as to why XRP is not being used. In addition, Chief Technology Officer (CTO) David Schwartz has also spoken out.

Why Isn’t Ripple Using XRP In Its New Product?

In a blog post on Friday, the fintech company announced that Liquidity Hub is now officially open for business. The company had already launched a successful pilot last year to provide businesses with a simple, seamless way to manage their crypto liquidity needs.

As the post goes on to say, the new product was designed to give enterprise customers “a competitive advantage in a multi-asset future.” This made it all the more confusing for the XRP community that XRP is not part of the product.

Crypto Eri, one of the most well-known XRP influencers on Twitter (@sentosumosaba) raised various questions as to why this decision was made. She wrote:

1. Did Ripple pull a Coinbase on XRP community?
2. How come ODL is OK, but not LH?
3. XRP is more liquid than ETC, BCH & *we NEVER saw clarity* for those two mentioned.
4. Why didn’t Ripple Marketing explain better?
5. If 90% of Ripple Biz is OUTSIDE the US, then why did XRP get eliminated?
6. If it takes 3-5 more years of courts, does XRP have to sit on the sidelines the entire time?
7. Was this Ripple strategy to help fight the court in the future?

CTO David Schwartz admitted in response to a question that the blockchain company generates most of its revenue from the sale of its XRP holdings.

…
9. If you define "sell" broadly, then yes, "selling" XRP does account for most of Ripple's revenue. But realistically, our choices come down to selling XRP or holding XRP and most people think we hold too much.
…

— David "JoelKatz" Schwartz (@JoelKatz) April 13, 2023

He said, “There is nothing else Ripple can realistically do with its XRP and the general consensus is that it would be better if Ripple held less XRP.”

Related Reading: Ripple Shatters SEC’s Argument In Response Letter, Here’s How

That makes the decision to not include XRP in the new product all the more odd. However, Neil Hartner, a senior software engineer at Ripple who works on cross-border ODL payments, provided at least a partial answer.

Via Twitter, Hartner wrote in response to Crypto Eri’s question 2 about why XRP is okay with ODL but not with Liquidity Hub that there is a significant difference in the concept of the two products:

Regarding number 2, licensing requirements are different between Liquidity Hub [LH] and ODL. With ODL, payment is settled between sender and receiver and Ripple is not a counterparty. With LH, Ripple is in the middle. Compare the 2 diagrams and note the absence of Ripple in the 1sr.

Ripple XRP
Liquidity Hub structure | Source: Twitter @illneil

When asked if the company charges a fee on the Liquidity Hub transaction, and if so, how much, Hartner clarified that he is not working on Liquidity Hub. “I don’t know. I’m not involved with LH and the public material doesn’t specifically call out how fees work.

Related Reading: SEC Files New Argument Vs Ripple, What It Means

Nevertheless, the question remains if Ripple made the decision merely because of the open legal dispute with the US Securities and Exchange Commission (SEC). If so, XRP could very likely be added to the new product after a victory in court. However, as Crypto Eri writes, this could take several years in the worst case scenario if the case goes all the way to the Supreme Court.

At press time, the XRP price stood at $0.5130, still consolidating while making higher lows on the 4-hour time frame.

Ripple XRP price
XRP price, 4-hour chart | Source: XRPUSD on TradingView.com
Featured image from CNBC, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jake Simmons

Jake Simmons

Follow

Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin's financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons.

Full Profile

Related Posts

XRP

Pundit Claims That Ripple Is Building The Banking System Right On The Blockchain Using XRP

1 day ago
XRP

XRP And DeFi: The Roadmap That Tells It All

6 days ago
Ripple

Ripple Vs. SEC Battle Update: Lawsuit Officially Over As $125M Receipt Of Payment To Regulator Surfaces

1 week ago
ripple xrp xrpusd

Altcoin Selloff Hits XRP: Analysts Say Lawsuit No Longer the Key Factor

1 week ago
Ripple

Ripple Meets With US And US Government To Talk Crypto – Here’s What Happened

1 week ago
Ripple

XRP News: What SWIFT’s ISO 20022 Announcement Means In Its Race With Ripple

1 week ago

Premium Sponsors

Press Releases

  • As the Tapzi Fundraiser Continues to Generate Buzz, Could It Be One of This Year’s Best Crypto Presales?

    As the Tapzi Fundraiser Continues to Generate Buzz, Could...

    41 minutes ago
  • 距離上線僅剩3周:Snorter代幣ICO融資突破 415...

    1 day ago
  • 上線倒計時:僅剩25天可搶購 Snorter Bot 代幣

    5 days ago
  • 加密錢包掀起發幣熱潮 Best Wallet...

    1 week ago
  • Bitcoin Hyper

    ChatGPT предсказва следващата 1000x...

    1 week ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.