Today blockchain payments firm Ripple announced that money transfer company Azimo has adopted Ripple’s On-Demand Liquidity solution (ODL) which uses the XRP cryptocurrency. The company will use XRP for transfers to the Philippines with plans to expand ODL to other markets in the future.
He continued: “As more banks and financial institutions use ODL, we believe it has the potential to replace current methods of foreign exchange trading and to reduce settlement time to close to zero.”
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