Crypto-Follow logo Crypto-Follow logo
Cryptoknowmics 2022-03-01 10:09:35

Ripple’s ODL Services Enabled by Asian Firm Tranglo

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...

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer