Ripple reports 130% year-on-year increase in Asia-Pacific transactions, alongside new use cases Ripplearmy XRPCommunity xrpthestandard XRPArmy
The uptake of RippleNet's On-Demand Liquidity service in the APAC and MENA region has surged in response to increased demand for quick settlements and immediate access to funds. APAC reportedly is one of the fastest-growing regions for RippleNet, where transactions have risen 130% year-over-year.
The top executive states that while remittances could continue to be a key use case for RippleNet, other emerging use cases or applications might come to the forefront, such as trade flow or treasury management. Another encouraging development is that key countries in Asia-Pacific are investigating the usage of CBDCs. Ripple announced a partnership with Bhutan's central bank, the Royal Monetary Authority , in September 2021, to pilot a central bank digital currency in phases using Ripple's CBDC solution.
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