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Ripple’s XRP Remittance Network Now Live in 25 Countries Across the Globe

Ripple’s XRP Remittance Network Now Live in 25 Countries Across the Globe
The cross-border payment company Ripple has released an overview on the state of its network, including new details on its XRP remittance platform.
The company says its network of banks and financial institutions now spans 70 countries. On average, a new country is added to the list every week.
Source: Ripple
In addition, Ripple says its XRP-based remittance platform On-Demand Liquidity (ODL) is growing. Companies that choose to use the digital asset XRP to move money can do so in the 25 countries listed below.

United States
United Kingdom
Mexico
Philippines
France
Spain
Australia
Ireland
Iceland
Sweden



Finland
Norway
Italy
Germany
Denmark
Austria
Czechia
Slovakia
Hungary
Croatia
Bulgaria
Latvia
Estonia
Romania
Greece

Ripple rolled out its XRP remittance product for commercial use in October of 2018.
Last year, Ripple partnered with payments giant MoneyGram and bought a $50 -million stake in the company. MoneyGram quickly became the largest and most high-profile user of XRP. The payments giant says it has now sent $100 million in total volume through ODL.
MoneyGram is moving 10% of its daily transaction volume between the US and Mexico using the technology. The company’s CEO Alex Holmes says it’s also using Ripple’s liquidity solution in four additional corridors, although the company hasn’t revealed further details at time of publishing.
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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.
The post Ripple’s XRP Remittance Network Now Live in 25 Countries Across the Globe appeared first on The Daily Hodl .

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