ICYMI: I-Remit will leverage Ripple's ODL solution to enhance the efficiency of its cross-border treasury flows ODL XRPnews XRPArmy
According to a, I-Remit will leverage Ripple's On-Demand Liquidity solution in order to enhance the efficiency of its cross-border treasury flows.
The two companies originally joined forces back in 2018. It is one of the earliest adopters of the ODL solution that allows making fast cross-border payments by using the XRP token as a bridge currency. By using the ODL solution, I-Remit will no longer have to deal with the bottlenecks associated with traditional treasury payments. It is now possible to conduct same-day settlements. This means that I-Remit will not be able to support its subsidiaries and partners around the globe in a more efficient way.
The Philippines is one of the top recipients of remittances in the world, which is why it is an attractive market for Ripple. The country receives roughly $34 billion worth of remittances every year. , Ripple launched a direct remittance service for cross-border transfers from Qatar to the Philippines.
In April, iRemit announced a partnership with Velo Labs to process remittances sent through the Australia-Philippines corridor.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ripple Shovels 50 Million XRP to Anon Wallet, Here's What It Means for MarketRipple wallet has shifted astounding sum of XRP to anonymous wallet, helping to move 582 million XRP
Read more »
XRP Jumps 10% in 24 Hours as Ripple Seeks to Defeat SEC with ArgumentsXRP gains 10% following fresh optimism in Ripple lawsuit XRPArmy XRPCommunity XRPHolders RippleXRP
Read more »
Ripple Attacks SEC Citing Lack of 'Investment contract' Granting Investors RightsThe SEC and Ripple believe the judge in charge of the case has all the necessary information to make a ruling without taking it to a trial.
Read more »
Ripple CEO's Meeting with CFTC Commissioner Sparks Flurry of SpeculationRipple CEO Brad Garlinghouse has had a meeting with CFTC Commissioner Caroline D. Pham
Read more »
CFTC commissioner visits Ripple offices as decision in SEC case loomsCFTC's Caroline Pham visits Ripple's offices as part of a 'learning tour' while the firm awaits a court decision about its ongoing case with the SEC.
Read more »
Ripple Scam Promoted by Hacked Account of Oman's Indian EmbassyThe official Twitter account of Oman’s Indian embassy is now advertising an XRP giveaway scam
Read more »