There seems to be a lot going on with the blockchain remittance company Ripple, and recent job openings at the organization have revealed that the company might be working on a next-generation trading platform that supposedly provides real-time access to crypto markets.
Ripple is currently looking to hire a senior software engineer for liquidity who’ll be required to “build an enterprise-grade, distributed trading platform that provides real-time access to crypto markets.”
Besides the development of the platform, the candidate would also have to source and aggregate liquidity while handling “execution algorithm modeling and implementation.”
The listing also highlights Ripple’s On-demand Liquidity (ODL) product, the company’s XRP-based remittance technology, hinting that the new platform might be leveraging ODL.
The company describes ODL as “a product that leverages digital assets and blockchain technology to improve the cost, speed, and transparency of cross-border payments. This highly strategic product for Ripple is powered by the superior speed, low transaction cost, and scalability of the digital asset XRP.”
ODL is Ripple’s most popular blockchain product and is leveraged by several of its partners across the globe. The network tripled its transaction volume over Q1 2020, while the USD value transacted using ODL increased by more than 294%.
However, the connection between ODL and this new platform seems to be much broader in this case because the job post mentions the overall crypto markets and not just XRP.
The listing doesn’t, however, mention which class of users this new platform is targeting whether it is retail traders, institutions, or just financial institutions that are part of RippleNet.
The company has posted similar job advertisements earlier this year, suggesting that it is currently expanding the team that is working on this project.
RippleNet continue to expand
Meanwhile, the company continues to expand its operations with new partnerships. The latest partnership has been inked with UK based payments operator Guava Pay.
Guava Pay has now joined RippleNet and will be leveraging Ripple’s platform to facilitate faster and cheaper cross-border remittance services for its customers.
On the other hand, the SBI group, one of Ripple’s biggest backers, announced that its subsidiary SBI e-sports will be paying the salary of its players in XRP, further promoting its use in a new market.