Money transfer network Ripple says that its crypto-based settlement solution, On-Demand Liquidity (ODL), is seeing rapid growth in 2022.  Ripple’s ODL solution uses the XRP...

The financial services company has been a major adopter of Ripple’s XRP for cross-border payments in the Asia Pacific region LONDON–(BUSINESS WIRE)–LuLu...

Earlier this week, FinTech firm Ripple took a closer look at the rapid growth this year of its On-Demand Liquidity (ODL) solution. In a...

Ripple, the firm behind XRP, the seventh-largest crypto asset, is looking to tap the almost $1 trillion mobile money value in Africa through the use of its fast and cost-effective on-demand liquidity (ODL) service. 

The report, which was updated on May 4 entailed consulting a panel of 36 industry experts for their thoughts on how XRP will perform over the next decade should Ripple win or lose the case against the Securities and Exchange Commission (SEC).

The leading cross-border payment solution firm, Tranglo enabled blockchain service provider, Ripple across 25 payment corridors. Early morning today, Tranglo took to Twitter to announce the good news.  We're thrilled to announce today that we've enabled @Ripple's On-Demand Liquidity across all our payment corridors. This comes after a successful pilot #ODL deployment last September which saw 250k transactions worth USD48M processed in 100 days. https://t.co/MUEUkEsYix pic.twitter.com/Qg6259Fx9l — Tranglo (@Tranglo) February 28, 2022   With the announcement by Tranglo, Ripple has recorded a major jump in the growth and expansion of ODL (on-demand liquidity) services. The announcement arrived after the successful implementation of the pilot ODL services, last year.  The first hundred days observed more than 2,50,000 transactions with a total value of approximately $48 million being processed. In 2021, Ripple also acquired a 40 percent stake in Tranglo.  The rising fame of Ripple’s On-Demand Liquidity services, last year, enabled numerous partnerships with leading global financial corporations. Ripple also claimed that 2021 has been a successful year for RippleNet – a decentralized global network.  “With over 20 payout markets for On-Demand Liquidity (ODL), most recently adding the Middle East, RippleNet continues to see more global demand for the product. Most notably, APAC continues to be one of the largest contributors of ODL volume on RippleNet, more than doubling in 2021.” Additionally, Jacky Lee, the CEO of the cross-border payment firm, Tranglo established in 2008 remarks,  “Our remittance partners want to enter markets as fast as possible at the lowest cost. ODL offers just that: they can start sending payments without locking in funds at different financial intermediaries, which can be costly and time-consuming. Remittance businesses that sign up for ODL also gain access to both Tranglo Connect and RippleNet, allowing them to better meet increasingly diverse payment needs.”

The post Ripple’s ODL Services Enabled by Asian Firm Tranglo appeared first on Cryptoknowmics-Crypto News and Media Platform.

The post Will Ripple’s Sprawl With CBDCs Compel The SEC To Reconsider The Lawsuit? XRP To $1 This February? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

   The coin market has been wishful of the industry rising out of the ails. That have been limiting the growth prospects of the space. While the business holds numerous limitations, one of the major shortcomings that has been collaring is regulatory clarity. Which has also resisted non-crypto investors flocking in. Regulatory clarity and Ripple go …

In a recent interview, Rahul Advani, APAC Policy Director at Ripple, talked about RippleNet’s On-Demand Liquidity (ODL) service, which is powered by digital asset XRP. Advani’s comments were made during an interview with financial news platform Bread. When asked how Ripple plans to “adapt to the growing demand for crypto-based cross-border settlements”, he replied: “A […]