XRP Races To New Markets As Ripple And TransferGo Partnership Expands
Ripple is making increased efforts to promote its products and to boost the complete XRP ecosystem.
The San Francisco-based company is also pushing for XRP’s mainstream adoption.
TransfeGo expands the use of Ripple’s payment solutions
Ripple’s partner TransferGo is looking to expand the use of its San Francisco startup’s cross-border payment solutions.
According to a new blog post, the companies are teaming up in order to “provide global real-time payments everywhere to everyone.”
TransferGo CEO Daumantas Dvilinskas said that the company takes advantage of Ripple’s network of banks and financial institutions, RippleNet, to expand to new regions.
“RippleNet is facilitating new relationships and helping us to expand to new geographies. We share a vision of a world where cross-border payments are frictionless and accessible…” he said.
He continued and explained that “We’re helping people save up to 90% on traditional fees for cross-border transfers. That makes a real difference to their lives.”
Using On-Demand Liquidity to move money
TransferGo is reportedly exploring how it can use ODL to move money without having to hold funds in bank accounts all over the world in pre-funding.
“…TransferGo is looking to use RippleNet’s On-Demand Liquidity with XRP as an alternative to pre-funding. At the same time, the company is expanding its real-time operations into new markets in Southeast Asia, Latin America and Africa with RippleNet.”
Ripple expands in Australia
In other news, we reported that Ripple is also expanding in Australia these days.
The company’s head of global operations, Eric van Miltenburg confirmed that ODL is coming to two more countries.
In a brand new interview after Ripple’s recent Swell conference in Singapore, he confirmed reports that were claiming the fact that ODL is on its way to Australia.
OLD aka On-Demand Liquidity is the former xRapid, but you may recall that Ripple rebranded its products.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.