Fintech company Ripple says its new service dubbed Liquidity Hub will allow financial institutions to offer cryptocurrency service to its clients.
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According to an announcement, the new service — which is expected to be launched in early 2022 — will generate revenue streams by offering end customers the ability to buy, sell, and hodl cryptocurrencies. The hub will use liquidity from cryptocurrency exchanges and over-the-counter trading desks.
The San Francisco-based company aims to offer not only a basket of cryptocurrencies, including bitcoin (EXANTE: Bitcoin), ether (ETH), litecoin (LTC), XRP, but also non-fungible tokens (NFTs) in the foreseeable future. iHodl earlier reported that Ripple launched a new $250 million creator fund focused on NFTs. The fund supports creators, brands and marketplaces to expand the adoption of NFTs across the XRP Ledger network.
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