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Who’s Using Ripple’s XRP Payments Product? These 24 Fintech Companies Say They’re on Board

Who’s Using Ripple’s XRP Payments Product? These 24 Fintech Companies Say They’re on Board

 
The number of companies confirmed to be on board with Ripple’s XRP-based cross-border payments product ODL is growing.
Along with the high profile launch of ODL by payments giant MoneyGram, several companies have recently announced plans to integrate the platform, including the corporate banking company FTCS, the crypto exchange BTC Markets and the foreign exchange company JNFX.
ODL relies on cryptocurrency exchanges, which can accept fiat from financial institutions and send the equivalent value of XRP to a corresponding exchange, where it is then swapped back to a local fiat currency. Here’s an updated look at all of the companies that say they plan to – or already have – integrated ODL.

TransPayGo
JNFX
MoneyGram
Viamericas
TransferGo
Euro Exim Bank
SBI Virtual Currencies
SendFriend
Remessa
BTC Markets
FTCS
Bitrue
goLance
Bittrex
Bitso
Interbank
Coins.ph
FlashFX
Nium
Bitstamp
Cuallix
Mercury FX
Catalyst
IDT

In a recent interview, MoneyGram CEO Alexander Holmes said it’s still early days for ODL and that his company is working to perfect the new money transfer model. The platform currently powers one-tenth of MoneyGram’s transaction volume between the US and Mexico.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Supertrooper
The post Who’s Using Ripple’s XRP Payments Product? These 24 Fintech Companies Say They’re on Board appeared first on The Daily Hodl .

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