Crypto News: Ripple launches crypto service and the demand for HUH Token surges in pre-sale swarm

Ripple says they are launching a new product that lets financial service firms offer their customers the ability to buy and sell cryptocurrencies. Meanwhile, a new crypto called HUH Token has seen so much demand their payment systems briefly crashed.

The fintech start-up, Ripple, says its new "Liquidity Hub" feature will give its clients access to digital assets from a range of sources including exchanges, over-the-counter trading desks and market makers.

With the cryptocurrency market reaching new highs this week and boasting over a $3 trillion market cap, the new offering from Ripple is sure to only further stoke the already blazing crypto fire, as it plans on making investment in cryptos even easier for people across the world.

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Ripple says their clients will be able to offer trading in a selection of cryptocurrencies including Bitcoin, Litecoin, Ethereum and of course the company's related cryptocurrency called XRP.

The San Francisco based company also hopes to offer other digital assets like non-fungible tokens (NFTs) in future but this feature is currently in a preview stage and only set to launch in 2022.

Ripple already sells a platform called RippleNet, a financial messaging service which is used by banks and other financial institutions to send money across borders, which the company says is a competitor to SWIFT (the global interbank payment network).

However, the company is no stranger to controversy over XRP as its had recent brushes with the U.S. Securities and Exchange Commission, which is currently suing Ripple and its executives Brad Garlinghouse and Chris Larsen for allegedly raising more than $1.3 billion through an unregistered securities offering. Ripple is fighting the suit saying that XRP should not be considered a security, but the case has yet to reach any sort of conclusion.

Ripple says they are launching a new product that lets financial service firms offer their customers the ability to buy and sell cryptocurrencies.Unsplash

HUH Token Presale Swarm

Meanwhile, a new cryptocurrency that is set to launch on December 6 has received so much pre-sale demand that their payment systems briefly crashed. The company says it has partnered up with NowPayments to ensure no further hiccups, but the initial demand is an encouraging sign for the fledgeling crypto.

Also Read: How Can A Person Create His Cryptocurrency

HUH Token says it wants to be more than just another meme token and is introducing some unique features to further enhance their offering.

The most exciting feature is a unique referral system, with the aim of fostering passive income. HUH Token allows holders to earn two separate streams of independent revenue. The referral scheme will give a holder of HUH Token a referral code which they can then pass on to someone else. When that code is used by another buyer, 10% of that person's purchase will then go into the wallet of the person who referred said buyer. This link can then proliferate as the new owner will gain a referral code they can pass on, generating passive income for holders.

As you can see, this self-named 'Utimeme' is developing the opportunity to be the next crypto millionaire maker, by being both a utility and a meme token. HUH Token is rumoured to have signed over 3000 top social media influencers to promote it, in an apparent attempt to recreate the social media hype achieved by cryptos like Dogecoin and Shiba Inu. Meme coins often need a solid community driving them and if the rumours are true then HUH Token may have found the perfect recipe for crypto hype.

With an ambitious road map ahead and encouraging features, HUH Token has the potential to surpass profit records for many cryptocurrency investors. If you're looking to get in on a new cryptocurrency from the ground up, with huge potential, then HUH Token, which is launching on December 6, certainly seems promising.

Follow HUH Token on their Socials before they Launch:

Website: https://huh.social

Twitter: https://twitter.com/HuhToken

Instagram: https://www.instagram.com/huhToken/

Telegram: https://t.me/HUHTOKEN

Presale: https://huh.social/presale/

Disclaimer: (This article is sponsored and includes some commercial links)