The leading cross-border payment solution firm, Tranglo enabled blockchain service provider, <a href="https://www.cryptoknowmics.com/news/ripple-partners-with-digital-euro-association-to-provide-inputs-on-cbdcs/">Ripple</a> across 25 payment corridors. Early morning today, Tranglo took to Twitter to announce the good news. 

https://twitter.com/Tranglo/status/1498417941452361732

&nbsp;

With the announcement by Tranglo, Ripple has recorded a major jump in the growth and expansion of ODL (on-demand liquidity) services. The announcement arrived after the successful implementation of the pilot <a href="https://www.cryptoknowmics.com/news/sbi-remit-partners-coins-ph-and-sbi-vc-trade-marks-first-odl-service-by-ripple/">ODL services</a>, last year. 

The first hundred days observed more than 2,50,000 transactions with a total value of approximately $48 million being processed. In 2021, Ripple also acquired a 40 percent stake in Tranglo. 

The rising fame of Ripple’s On-Demand Liquidity services, last year, enabled numerous partnerships with leading global financial corporations. Ripple also claimed that 2021 has been a successful year for <a href="https://www.cryptoknowmics.com/news/sbi-remit-partners-with-hamamatsu-iwata-bank-for-ripplenet-remittances/">RippleNet</a> - a decentralized global network. 
<blockquote>“With over 20 payout markets for On-Demand Liquidity (ODL), most recently adding the Middle East, RippleNet continues to see more global demand for the product. Most notably, APAC continues to be one of the largest contributors of ODL volume on RippleNet, more than doubling in 2021.”</blockquote>
Additionally, Jacky Lee, the CEO of the cross-border payment firm, Tranglo established in 2008 remarks, 
<blockquote>“Our remittance partners want to enter markets as fast as possible at the lowest cost. ODL offers just that: they can start sending payments without locking in funds at different financial intermediaries, which can be costly and time-consuming. Remittance businesses that sign up for ODL also gain access to both Tranglo Connect and RippleNet, allowing them to better meet increasingly diverse payment needs.”</blockquote>

Ripple's ODL Services Enabled by Asian Firm Tranglo

The leading cross-border payment solution firm, Tranglo enabled blockchain service provider, Ripple across 25 payment corridors.

Priyanka is an active crypto enthusiast. Having graduated with a BA in Journalism and Mass Communication, she is a passionate content writer with a strong understanding of financial content. She has been writing on crypto and blockchain-related topics for the last three years and is an active trader.

Ripple's ODL Services Enabled by Asian Firm Tranglo

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