Ripple Announces USD to Hela Tuk-Tuk Corridor Now Live
PORT MORESBY—Blockchain payments company Ripple announced today that their highly anticipated on-demand liquidity corridor between the United States and the remote Hela province of Papua New Guinea is now fully live.
“It is a proud day,” said Prime Minister James Marape, speaking alongside Ripple's Senior Vice President of Global Operations Eric Van Miltenburg. “The highlands region of Papua New Guinea is thrilled to be a pace-setter in the future of global payments.”
The corridor, which now allows Ripplenet members the ability to settle instantly between US dollar and Hela Tuk-Tuk using the digital asset XRP as a bridge currency, is the newest and perhaps most exciting on-demand liquidity path to date.
“Hagui, Okiru and Liwi tribesmen and women will no longer have to wait days for their cross-border payments to process,” said Van Miltenburg as an Okiru tribal representative laid a freshly killed boar at his feet in gratitude. “The days of cumbersome global payments are coming to an end.”
Okiru tribesmen and women displaying unbridled enthusiasm upon hearing they can now make and settle global payments instantly through Ripplenet.
Ripple has yet to announce the official exchange in the Hela province that will be performing the conversion from XRP to the Hela Tuk-Tuk, a currency whose most common form is whittled animal bone wrapped in mangrove tree rope.