Why Ripple's XRP Cryptocurrency Jumped 10% Today

Wednesday is turning out to be a pretty great day for cryptocurrencies in general, but few were doing quite as well as Ripple (CRYPTO: XRP), which was up an impressive 10.7% approaching noon today. Ripple's XRP cryptocurrency was moving higher after the cryptocurrency's developer announced at 2 a.m. EDT today it has just launched a live On-Demand Liquidity (ODL) service to facilitate XRP transfers through the so-called Filipino Remittance Corridor between Japan and the Philippines. Ripple said it is collaborating with Japan's largest money transfer provider, SBI Remit, and one of the Philippines' leading mobile wallet services, Coins.ph, to enable faster and more-affordable cross-border payments from Japan to the Philippines.