Ripple announced that it will create a hub called “Liquidity Hub” that will enable companies in Brazil and Australia to easily buy, sell and hold cryptocurrencies. It was stated that these companies will be able to perform their customers’ instant credit and payment transactions in a single step thanks to the hub.

Ripple company said in a statement on the subject that Ripple has very strong connections in two regions and the following statements were used:

“Currently, Ripple has very strong relationships with partners in two regions. And the information we have recently received is that innovative companies here want to adopt crypto money. Thanks to this hub, companies will be able to handle their customers’ payment and credit needs smoothly, quickly and in one place.”

The Liquidity Hub will allow firms to access multiple liquidity pools and will also make advanced trading features available to them. This hub is currently available in 35 states in the US.

Ripple also has a service called On-Demand Liquidity (ODL), which is widely used especially in the Middle East and Far East regions. Using XRP as a bridge currency, ODL enables instant and low-cost cross-border payments.