Recent analytics data shows that Ripple Labs giant has been transferring big chunks of XRP to these two exchanges over past two days
Popular crypto tracking platform Whale Alert, which tracks down large crypto transactions and shares their details on its X app account, is spreading the word that anonymous wallets have movedOne important point here is that both of these platforms are related to Ripple Payments, formerly known as On-Demand Liquidity .
Whale Alert spotted the following lumps transferred to Mexican exchange and crypto unicorn Bitso on Oct. 4 and 5 — 20,400,000 XRP and 30,400,000 XRP. Then, 26,800,000 XRP and 29,300,000 XRP were shoveled to the EU-based Bitstamp exchange.Details provided by the XRP-focused analytics platform Bithomp show that both of these sending wallets are connected to Ripple fintech company based in San Francisco and spearheaded by Brad Garlinghouse.
Both Bitso and Bitstamp collaborate with Ripple on its system of XRP-based cross-border payments, which used to be known as ODL. ODL is based on RippleNet and allows the transfer of any amount of funds to any corner of the world using XRP without any prepaid accounts. Bitso serves as an ODL platform in Latin America, and Bitstamp works in the same way in Europe. Recently, however,into simply"Ripple Payments," since this name is easier to understand for outsiders, i.e., users who have not encountered Ripple or crypto in general before.earlier, one of Ripple's major partners that operates in Malaysia, Tranglo, shared that last year it saw 1,700% growth in ODL usage, with the $970 million milestone reached in transaction volume.
His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.
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