Ripple News

Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company.

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    Amid the coronavirus pandemic continues to spread around the globe, companies rush to adapt to the new way of life. Nik Bougalis a cryptographer and leading C++ software engineer at Ripple shared his advice on remote work management. On March 16 in a tweet he offered his help to project managers who wish to organize their teams to

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  • Bitso and Ripple Increasing Adoption of XRP Across Mexico and Latin America

    It is estimated that the remittances market between the United States and Mexico is worth USD $35 billion a year. In 2018, remittance flows into Latin America and the Caribbean increased by almost 10%, with Mexico receiving the largest amount of these payments in the region with over $35.7B transacted every year. Furthermore, in 2019, Bitso gained

XRP mini blog

Ripple says ‘more than two dozen’ customers use its payments solution that leverages XRP

Blockchain payments firm Ripple has said that “more than two dozen” customers use its On-Demand Liquidity (ODL) solution, which leverages XRP cryptocurrency to settle cross border payments.

Some of these customers include money transfer firms MoneyGram, Viamericas and FlashFX, online workforce platform that connects employers with freelancers goLance, and financial services provider Interbank Peru, among others, Ripple announced Wednesday.

Ripple’s ODL payments solution was commercially launched last year, and there have been “more than 7x the number of transactions using ODL from the end of Q1 to the end of October,” said the firm.

ODL currently supports Mexico, the Philippines and Australian markets. Ripple said support for Brazil is “coming soon,” as well as additional corridors across Asia-Pacific (APAC), Europe, Middle-East and Africa (EMEA) and Latin America (LatAm) are in progress for 2020.

Ripple’s other solution, RippleNet, which does not leverage XRP by default but customers have an option to use it, has seen “10x year-over-year growth in transactions.” Overall, Ripple’s customers have crossed the 300 mark, per the announcement.

“This year has been our strongest for Ripple yet. In 2019 we’ve seen continued momentum with customers, growth of RippleNet and adoption of On-Demand Liquidity,” said Brad Garlinghouse, CEO of Ripple.

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