The General Manager of Ripple (XRP) Asheesh Birla stated in a recent interview what plans will be made for the crypto project in 2021, for example in terms of expansion of services and collaborations.
“With the cryptocurrency product, you can send into, I believe, three destinations around the world. We’re expanding that aggressively in 2020 and 2021. We are going to continue to expand ODL, On-Demand Liquidity. I mentioned this in a few countries as destinations. We want to get global coverage of that, where possible by the regulators.”
ODL is widely used mainly by MoneyGram and Azimo, two companies with which Ripple has been working closely for some time.
Birla also talks about regulation, as did CEO Brad Garlinghouse a few days ago, who tweeted about clearer regulation in the crypto sector.
During the interview, Birla also mentioned a possible change of headquarters in order to avoid XRP being considered as security, since the United States does not have clear regulations. Also Garlinghouse had previously mentioned it, suggesting the UK as a possible destination.
Line of Credit, another Ripple project for 2021
Another service on which Ripple will focus during 2021 is the Line of Credit, currently only in beta version and targeting mainly startups in the fintech world to seek funds to develop their projects.
The main reason why Ripple wants to focus on this line of credit is the presence of Covid-19 and the current economic crisis.
“I think with COVID you’ve seen an explosion in growth of e-commerce. I don’t think you have the right kind of financial infrastructure to support those kinds of companies so that’s something that I’m really looking forward to in terms of innovating and building for in the upcoming year”.
Ripple had also recently registered the PayString trademark, although little is yet known about this product, and who knows if we’ll find out more in 2021.