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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Ripple Launching Liquidity Hub Despite SEC Lawsuit Over XRP

Ripple Launching Liquidity Hub Amid SEC Lawsuit Over XRP

Amid an ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC) over XRP, Ripple is launching a new product, Liquidity Hub, which aims to be “a one-stop shop for enterprises to source any tokenized asset.” The product “will allow customers to seamlessly access crypto assets from a variety of global venues, including market makers, exchanges, OTC desks and in the future decentralized venues,” the company detailed.

Ripple Liquidity Hub Allows Customers to ‘Seamlessly Access Crypto Assets From a Variety of Global Venues’

Ripple announced Tuesday that it is launching a new product called “Ripple Liquidity Hub.” The announcement explains:

Ripple Liquidity Hub will allow customers to seamlessly access crypto assets from a variety of global venues, including market makers, exchanges, OTC desks and, in the future, decentralized venues.

Asheesh Birla, general manager at Ripple, explained that the new product aims to be “a one-stop shop for enterprises to source any tokenized asset.”

Ripple Liquidity Hub is expected to launch in 2022. “The product will support turn-key integration and smart order routing to source digital assets at optimized prices giving customers the ability to easily buy, sell, and hold crypto assets,” Ripple explained.

Initially, the platform will “support BTC, ETH, LTC, ETC, BCH and XRP (availability will vary by geography), with plans to expand to more tokenized assets,” the company added, noting that “In the future Ripple plans to add additional features such as support for staking and yield generating functionalities.”

The announcement notes that Ripple has been using Liquidity Hub internally for almost two years “for internal liquidity management as part of its On-Demand Liquidity (ODL) product, powering millions of transactions, worth billions of dollars.”

Ripple’s first partner to use the product is crypto-to-cash network Coinme. “Initially, Coinme will utilize the underlying technology platform of Liquidity Hub, with plans to unlock additional functionality as it becomes available,” Ripple detailed.

This product launch announcement came as Ripple continues its legal battle with the U.S. Securities and Exchange Commission (SEC). The securities regulator sued Ripple Labs, its CEO Brad Garlinghouse, and co-founder Christian Larsen for allegedly raising more than $1.3 billion through XRP which the commission considers an unregistered security offering. Ripple and its executives are fighting the lawsuit, insisting that XRP is not a security.

What do you think about Ripple launching Liquidity Hub amid an ongoing lawsuit with the SEC? Let us know in the comments section below.

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