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HomeCrypto NewsMarketRipple May Become a Key Liquidity Provider with Ripple Payments XRPL DEX Integration

Ripple May Become a Key Liquidity Provider with Ripple Payments XRPL DEX Integration

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Panos Mekras, a renowned author and prominent figure in the XRP community, has expressed a view that Ripple itself as a company could become a liquidity provider for greater efficiency.

Mekras’ comment followed the official unveiling of Ripple’s new solution to the crypto market, Ripple Payments.

On Wednesday, Ripple officially unveiled Ripple Payments. The firm noted that this new product is the latest advancement in its payment solutions. Per the official notification, Ripple Payments, a licensed product, offers various features for Financial Institutions (FIs) and Small and Medium Enterprises (SMEs). 

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Notably, it includes access to over 70 payout markets, enhanced options for cryptocurrency liquidity, seamless integration with the XRP Ledger decentralized exchange (DEX), and several other value-added services.

Ripple Becoming Liquidity Provider with XRPL DEX Integration 

Panos Mekras, the author of “Understanding the Crypto Economy,” expressed his excitement in response to the unveiling. While he believes it represents a significant evolution in Ripple’s payment products, he highlighted a potential outcome for the payment firm.

Mekras first noted that, in his view, the most critical aspect of Ripple Payments is the integration with the XRPL, particularly once Automated Market Maker (AMM) functionalities are enabled.

In particular, Mekras pointed out that the integration could significantly boost DEX volume and revenue for liquidity providers. In this context, the expert suggested Ripple itself might become a liquidity provider (LP), which he believes could lead to greater efficiency. 

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Moreover, Mekras highlighted the possibility of XRPL AMM/DEX taking the lead as the most liquid automated market maker globally.

Where Ripple opts to use a portion of its XRP holdings for the AMM and in various XRP to fiat-stablecoin pairs, Mekras envisions the XRPL’s AMM/DEX becoming the world’s most liquid automated market maker.

In parallel, the expert foresees the possibility of XRP becoming one of the most liquid assets globally.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a seasoned crypto journalist who has established himself as a trusted voice in the world of blockchain and Web3. His extensive knowledge of the crypto space enables him to break down complex concepts into accessible language.

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