I-Remit expands partnership with Ripple
Ripple, the leader in enterprise blockchain and crypto solutions, announced that I-Remit, the largest non-bank remittance service provider in the Philippines, will expand its use of Ripple’s On-Demand Liquidity (ODL) solution to improve its cross-border treasury flows.
ODL leverages XRP, the digital asset built for payments as a bridge between two fiat currencies, thus enabling instant and low costs settlement without the need to hold pre-funded capital in a destination market.