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Ripple’s ODL Reduces Remittance Fees by 80%, Claims SendFriend CEO

insidebitcoins.com

David Lighton, the co-founder and chief executive of payment processing platform SendFriend, has spoken out about the impact that Ripple’s XRP payment solution has had on the company. He also praised On-Demand Liquidity (ODL), another payment solution from Ripple, for its ability to allow businesses to operate without working capital since they won’t need to pre-fund their accounts in foreign currencies.

Ripple further claimed that customers would be able to use ODL to “bridge two currencies in three seconds,” thus making way for payments to be made in quick time. “Digital assets and blockchain technology have the potential to make a tremendous impact on cross-border payments — MoneyGram and Ripple is an example of that … In June, we announced this partnership, and it’s encouraging to see the rapid growth and benefits come to life.”

Read in Full: insidebitcoins.com
Bitcoin XRP
$ 0.6278

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Bitcoin Bitcoin
70275.1000 -0.63%
Ethereum Ethereum
3558.07000 -0.72%
BNB BNB
618.598000 5.32%
Solana Solana
186.076000 0.00%
XRP XRP
0.62745100 0.84%