Whales have shifted a massive amount of XRP, as they have been since the start of December
About ten hours ago, a massive transaction involving $55,960,040 worth of XRP was detected, as reported by major crypto tracking service Whale Alert.
143 million XRP on the move
A staggering 143,000,000 XRP was transferred between two wallets that Whale Alert tagged as “unknown”.
Earlier, the above-mentioned cryptocurrency tracker reported three smaller transactions. They transferred a total of 104.7 million – 37,700,000 XRP, 27,000,000 XRP and 40,000,000 XRP.
Overall, this autumn and since the start of December too, whales have been quite active in buying, selling and simply transferring massive amounts of the Ripple-affiliated token XRP between their wallets. Obviously, despite the lawsuit initiated by the SEC in late 2020, whales are obviously expecting Ripple to win, hoping that the price of the asset will soar to new highs and recover or even surpass the historic peak of $3.84 reached in early January 2018.
At the time of this writing, XRP is trading down 89.91 percent from that all-time high, exchanging hands at $0.388 and showing a loss of 1.12 over the past 24 hours.
Ripple partner Bitso launches new remittance corridor
According to Crowfund Insider, this week, major Ripple partner Bitso crypto exchange entered into a partnership with Felix Pago in order to launch a new remittance corridor from the US to Mexico, where Bitso is based.
Bitso’s geography of operations includes Brazil, Colombia, Argentina and Mexico. It is the largest crypto exchange in Latin America and the only crypto unicorn in the region. The new remittance service aims to provide cheaper and faster money transfers for customers.
It was not mentioned in the press-release but since Bitso is a well-known distributor of Ripple’s ODL technology in Latin America, odds are high that ODL will be used in this case too.
Interestingly, Felix Pago’s money is transferred through WhatsApp. If Ripple’s ODL technology would operate through a popular messaging app, in this case, it would be a breakthrough for crypto adoption and utility.
A few years ago, Facebook was planning to launch payments, using the stablecoin they were building, in India, also using WhatsApp. Those plans, however, did not come true.
