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Ripple's plans as a company and for its XRP cryptocurrency in 2021


The general manager of Ripple (XRP) Asheesh birla stated in a recent interview that plans will be made for the crypto project in 2021, for example, in terms of expanding services and partnerships.

In fact, in a podcast hosted by Lend Academy, Birla explained that RippleNet's product called On Demand Liquidity will be further developed.

"With the cryptocurrency product, I think it can ship to three destinations around the world. We are aggressively expanding it in 2020 and 2021. We will continue to expand ODL, Liquidity on Demand. I mentioned this in some countries as destinations. We want to get global coverage of that, when possible from regulators. "

ODL is widely used mainly by MoneyGram and Azimo, two companies that Ripple has been working closely with for some time.

Birla also talks about regulation, like CEO Brad Garlinghouse a few days ago, who tweeted about clearer regulation in the cryptocurrency sector.

During the interview, Birla also mentioned a possible change of venue to prevent XRP from being regarded as security, as the United States has no clear regulations. Garlinghouse had also mentioned it earlier, suggesting the UK as a possible destination.

Credit line, another Ripple project for 2021

Another service that Ripple will focus on during 2021 is the Credit line, currently only in beta version and aimed mainly at startups in the fintech world to seek funds to develop their projects.

The main reason why Ripple wants to focus on this line of credit is the presence of Covid-19 and the current economic crisis.

“I think with COVID you have seen an explosion in the growth of e-commerce. I don't think I have the right kind of financial infrastructure to support those kinds of companies, so that's something I really look forward to in terms of innovation and construction for next year. "

Ripple had also recently registered the PayString brand, although little is known about this product yet, and who knows if we will find out more in 2021.

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