- Ripple’s ODL is swift and cheap – MoneyGram CGOO
- Is Spain’s third-largest bank now using Ripple’s Product?
- Weiss Ratings acknowledges Ripple and ODL
A top manager of MoneyGram revealed during the Swell conference held in Singapore that Ripple’s On-Demand Liquidity product helps them make payments swiftly and more cheaply. The price of Ripple’s native token did not surge as predicted by several analysts using the previous records to judge the coin. Although the company boasted a Mind-blowing yearly growth in gaining over 300 new customers together with its partners using ODL.
XRP (XRP) Price Today – XRP / USD
The global remittance operator MoneyGram is one of the key partners of Ripple, which employs XRP and local Bitso in sending funds to the U.S and Mexico.
Kamila Chytil, the head of global operations at MoneyGram stated:
“We’ve leveraged On-Demand Liquidity on RippleNet to dramatically reduce our operational costs and process global payments at unprecedented speeds.”
During the SWELL conference, Ross Edwards and Kevin Mole, who are top executives at Ripple made a brief presentation elucidating how the process of money sending operates on blockchain.
Is Spain’s third-largest bank now using Ripple’s Product?
A fan of Ripple on Twitter recently drew the attention of others that the third-largest bank in Spain was used as an example during the Swell conference presentation.
This has so far pike the interest of others in the comment section wanting to know if Caixa Bank now also works on RippleNet. Stating that “#Ripple Swell 2019 they used Caixa Bank as an example in a demo. Caixa Bank sender – iRemit receiver đź§Caixa Bank is the third-largest bank in Spain after Banco Santander and BBVA (ripple partners already) *As of March 31, 2019 total assets Caixa Bank $404.1 billion +1.”
Weiss Ratings Acknowledges Ripple and ODL
Several institutions and channels are acknowledging Ripple and its ODL product. Joining the group is the Weiss rating agency. The agency has called Ripple’s ODL and XRP tools that may help Ripple build a better system of remittance globally.
“Ripple intends to use #XRP to fuel a global remittance replacement system called On-Demand Liquidity, which would deploy the token to create a $2 trillion pool of liquidity to help overcome issues plaguing the global remittance system.
— Weiss Crypto Ratings (@WeissCrypto) November 27, 2019.”