Ripple’s XRP Payments Product Set for Imminent Launch in Brazil

Do repost and rate:

Ripple’s global head of banking says the company will soon launch XRP-powered cross-border payments in Brazil.

Marjan Delatinne joined a Future of Finance panel on Wednesday to discuss Ripple’s suite of digital payment products, including On-Demand Liquidity (ODL), which utilizes XRP.

Delatinne says ODL is actively expanding.

“We extend these services now to more and more corridors, typically exotic corridors with lots of challenges, like [the] Philippines [and] very soon within Brazil.” 

The Ripple official says the company thinks the Covid-19 pandemic “is pushing the agenda” of digitization.

Earlier this week, Asheesh Birla, Ripple’s senior vice president of product management and corporate development, also touched on Ripple’s 2020 expansion plans.

“Ripple is on track to open new ODL corridors this year and we’re onboarding new customers and working with existing customers to ramp up ODL volume in important corridors including USD-MXN, USD-PHP, AUD-USD and PHP, and from EUR-USD.”

ODL has already made some splashes in certain avenues of the institutional remittance industry, particularly along the US-Mexico corridor.

ADVERTISEMENT

Besides Brazil, it remains unclear exactly which countries or corridors Ripple plans to target in the short term. But the payments firm noted in February that it is working on adding new corridors in Europe, the Middle East, Africa, Asia-Pacific and Latin America.

Ripple has warned, however, that ODL volume could look different in a world struggling with the pandemic.

Check Latest News Headlines
ADVERTISEMENT

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Regulation and Society adoption

Ждем новостей

Нет новых страниц

Следующая новость