Feb 14, 2020 18:30 UTC
Feb 14, 2020 at 18:30 UTC
Ripple’s XRP Remittance Network Goes Live in 25 Countries Worldwide
The cross-border payment organization Ripple has discharged an outline on the condition of its network, remembering new subtleties for its XRP remittance network.
The company says its platform of banks and financial institutions currently ranges 70 countries across the globe. All things considered, another nation is added to the rundown consistently.
What’s more? Ripple says its XRP remittance platform On-Demand Liquidity (ODL) is growing fast. Companies that decide to use the cryptocurrency XRP to move money can do as such in the 25 countries recorded beneath.
- United States
- United Kingdom
Ripple revealed its XRP remittance platform for business use in October 2018.
A year ago, Ripple joined payments gian MoneyGram and purchased a $50 million stake in the organization. MoneyGram immediately turned into the biggest and most prominent client of XRP. The payment giant says it has now sent $100 million in total volume through ODL.
MoneyGram is moving 10% of its day by day transaction volume between the US and Mexico using the technology. The organization’s CEO Alex Holmes says it’s likewise utilizing Ripple’s liquidity arrangement in four extra corridors, in spite of the fact that the organization has not uncovered further details at time of distributing.