Ripple Partner FlashFX Teams Up With The Crypto Exchange Bitstamp
Ripple has been promoting the payment solution ODL a lot lately. This is the On-Demand Liquidity, formerly known as xRapid, which is powered by XRP.
FlashFX teams up with Bitstamp
Ripple partner FlashFX, an international money transfer company, said that it’s teaming up with Bitstamp.
The partnership will use Ripple’s cross-border payment solution ODL, and it will allow users in Australia to turn their AUD into USD instantly.
“Instead of waiting days for a Swift transfer to be completed via traditional payment methods using your bank or another payment service, FlashFX users now are able to move funds at a moment’s notice and see better results than ever before,” according to official notes.
These continue and details that “FlashFX’s service uses XRP to bridge AUD & USD currencies in seconds. FlashFX will deliver your USD to your Bitstamp account in minutes, and you can enjoy unlimited USD Bitstamp liquidity for your AUD/USD transfers.”
Ripple invests $20 million in MoneyGram
Not too long ago, we revealed that the CEO of payment giant MoneyGram said that the company is expanding its use of Ripple’s XRP-based ODL intro four new corridors.
During a recent interview at Swell 2019, Alex Holmes addressed the company’s early experience with the payments product that we mentioned above, ODL.
“We’re pushing today about 10% of our volume that we normally do to Mexico through the ODL platform. It’s working extremely well,” he said.
He continued and explained, “We’ve now opened into four new corridors that we’re beginning to scale. And I think that those will continue to ramp in the coming weeks and months…”
Ripple has been pushing a lot for the adoption of its products, boosting the XRP ecosystem as well.
XRP enthusiasts are waiting to see a surge in their favorite digital asset’s price as well.
Despite the volatility of the crypto market, there are various optimistic crypto predictions popping up.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.