The XRP holders were so happy to see that the on demand liquidity volume had increased by more than 294%. However, in the last four days, the on demand liquidity volume in the Mexican corridor with bitsa has fallen off from an all time high of 37 million in a 24 hour period on June 1 to 23 million than 20 million than 19 million and now June 10, down to 15 million.
We see this falling off because he knows everybody is watching the volume. And the read is called staying the course in remittances and SM e payments, the small to medium sized enterprises. Alright, so the two sentences that turned this three minute minute read into a five or six or seven or 10 minute read was this right here because everybody I think had to keep rereading this paragraph so it goes like this in particular, we being ripple are reducing emphasis on large Treasury payments, which are traditionally used to fund businesses and services in the absence of real time transfers to support individual low value transactions, addressing the growing need in remittances and SME payments. So this may reduce overall vo dl transactions.
volumes. And I think everyone is like, what was that? What did you just say? So reducing the emphasis on large Treasury payments, we don't know. We really don't know which customer was putting through payments that were large Treasury payments, no matter what you say, we don't have the full customer list. And those large values. Well, let me just give you an idea of what's considered a large value transaction the chaps in the UK or the fedwire. In the US, they have high higher average values roughly 200,000 US dollars per transaction. You compare that to just 30 $500 for an automatic Automated Clearing House transaction, like in a CH credit transaction, and then you've got even a smaller segment of payments, like $60 for a debit card transaction. So, there are different segments in the payment sector. All right here is a list that actually gives you the average transactions for various providers you can see currency fare average 5500 transfer wise 2300 remit Li 500 transfer go 400 Western Union 300 world remit 200 and then you have the banks which JP Morgan at 15,000 BMA 10,000 in city 10,000 7000. So, yeah, these would not be considered those high value but more of the low value transactions. And when we talk about really what she is looking at, I asked him for a little bit of clarification, I actually asked him to shed some light on it because I just quite wasn't
sn't 100% sure what he was trying to say? So again, then he reiterated on a reply on Twitter that the focus is on individual low value transactions. And it would be where one, the OTL is solution. And two, they're going to focus on where the fastest growing payment segment is. So I said why imagine money match is a perfect example of this right? Because they are an individual, and they're a payment company that is focusing on the SM ease the small to medium sized enterprises. And he went on to just get a little bit more information here and he says that most of our clients are a good match for low value payments and most will transition to these use cases.