Sat Nov 19, 2022 ▪ 9:00 PM ▪
3
min read – through
The bear market is both a maker and a breaker of crypto empires. On the one hand, it pushed out some companies like Terra and FTX, and on the other, it allowed some projects to take root better. Ripple is one of those crypto companies that does not bear the brunt of “ unrest in the market “. Apparently, Brad Garlinghouse’s business is doing well: his ODL company takes 90% of the stock in the foreign exchange market.
Ripple democratizes cryptos through ODL
” Our On-Demand Liquidity (ODL) solution has been widely adopted this year and we have the technology, global network and diverse customer list to prove it. »
On track to win SEC lawsuit, Ripple announced growth file for the ODL in 2022.
” 2022 has been an unprecedented year for the use of crypto in business use cases – despite the market turmoil, Ripple’s end goal has always been to help businesses – be it major financial institutions or local payment service providers – move money across the globe. around the world as evidenced by today’s information said Brooks Entwistle, SVP Global Customer Success at Ripple.
Ripple has not failed to extol the virtues of ODL services in these recent publications. The cryptocurrency company considers them a ” substantial adoption » or even a « record growth “. In concrete terms, this is reflected in an expansion to about 40 payment platforms worldwide. These would represent approximately 90% of the currency market “.
Currently, the on-demand liquidity services are available in ten countries: Africa, Argentina, Belgium, Israel, Brazil, Australia, Singapore, the UAE and the United Kingdom. Recently, Ripple has made several partnerships with various companies based in the 4 corners of the planet. Among them are Lemonway, Tranglo, Xbaht, Travelex Bank, Nutrisource, Oceanus and MFS Africa.
All in all, the perception of a rush to Ripple’s On-Demand Liquidity solution could result in very high interest in cryptocurrencies on both sides of the world. In fact, 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 crypto revolution is underway! And the day when the impact will be felt on the world’s most fragile economy, against all hope, I’ll say I had something to do with it