Company Ripple provided additional information about recent partnerships.
Company Ripple on twitter provided additional information about recent partnerships. Was noted:
Our newest partners in Europe, @Lemonway & Xbaht, will use our crypto-enabled #payments solution, On-Demand Liquidity (#ODL), to manage internal #treasury and provide faster, more affordable retail #remittances. Read more about these partnerships.
Also on the official website it was stated:
As the first French payment provider for online marketplaces to utilize ODL, Lemonway is now able to drive operational efficiencies by eliminating the need to pre-fund destination accounts abroad, giving them the opportunity to use previously trapped capital to expand into new markets and scale their business.
What’s more, Ripple has also announced a partnership with money transfer provider Xbaht in Sweden to enable instant, affordable retail remittances. Because ODL makes it possible to move capital around the world in seconds at a fraction of the cost of traditional payment rails that businesses rely on today, Xbaht is able to leverage this technology to enable their customers to send money across borders faster and cheaper than ever before.
Ripple’s goal of using blockchain and crypto to build real use cases has positioned us to become the partner of choice for enterprises to tap into global crypto liquidity, eliminating the legacy frictions associated with cross-border payments such as slow settlement times, lack of transparency and excessive costs.
These partnerships allow consumers and businesses in France and Sweden to make real-time payments across borders—powered by Ripple.