Sat Nov 19, 2022 ▪ 21:00 ▪
min read – from
The bear market is both a creator and a destroyer of crypto empires. On the one hand it pushed some companies like Terra and FTX out and on the other hand it allowed some projects to take root better. Ripple is one of those crypto companies that doesn’t take the full brunt of ” market turmoil “. Apparently, Brad Garlinghouse’s business is doing well: his ODL business holds 90% of the shares in the foreign exchange market.
Ripple democratizes cryptocurrencies through ODL
” Our On-Demand Liquidity (ODL) solution has been widely adopted this year and we have the technology, global network and diverse client list to prove it. »
On the way to win lawsuit against the SECRipple has announced growth” disk for the ODL in 2022.
” 2022 has been an unprecedented year for the use of cryptocurrencies in business use cases: despite the market turmoil, Ripple’s ultimate goal has always been to help companies, be they large financial institutions or providers of local payment services, to move money around the world as proven today’s news says Brooks Entwistle, SVP Global Customer Success at Ripple.
Ripple has not failed to praise the virtues of ODL services in these recent publications. The cryptocurrency company considers them a ” substantial adoption » or even a « record growth “. Concretely, this manifests itself in an expansion into around 40 payment platforms worldwide. These would represent approximately 90% of the foreign exchange market “.
Its on-demand liquidity services are currently available in a dozen countries: Africa, Argentina, Belgium, Israel, Brazil, Australia, Singapore, WATER and UK. Recently, Ripple has established several partnerships with different companies established in the 4 corners of the planet. Among them are Lemonway, Tranglo, Xbaht, Travelex Bank, Nutrisource, Oceanus and MFS Africa.
All in all, the observation of a rush towards Ripple’s On-Demand Liquidity solution could translate into tremendous interest in cryptocurrencies from both sides of the world. Indeed, more and more users, individuals or institutions, are interested in these more efficient and less restrictive payment alternatives.
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The blockchain and cryptocurrency revolution is underway! And the day the impacts are felt on this world’s most vulnerable economy, against all hope, I’ll say I have something to do with it.