Ripple Confirms XRP ODL Payments Are Now Available In India: Revolutionizing Cross-Border Transfers
In a significant development for the fintech industry, Ripple has announced the availability of its On-Demand Liquidity (ODL) payments in India. This move is expected to revolutionize cross-border transfers and offer significant benefits to businesses and individuals alike.
Ripple Labs has confirmed that its On-Demand Liquidity (ODL) payment solution is now live in India. The Silicon Valley-based tech company made this known in a New Ripple Publication Confirms XRP ODL Payments Are Live In India.
What is Ripple's On-Demand Liquidity (ODL)?
Ripple’s ODL leverages the digital asset XRP to facilitate real-time cross-border payments, eliminating the need for pre-funded accounts and reducing transaction costs. According to Ripple’s new Quick Guide, XRP on-demand liquidity (ODL) payments are now confirmed to be available in India. Also, the guide says that payment options from blockchain Ripple.
XRP ODL Payments Now Live in India: A Game Changer
Ripple has just confirmed that it has launched its On-Demand Liquidity (ODL) solution in India which means XRP will now be exposed to another huge market. This expansion marks a pivotal moment for Ripple and XRP, offering Indian businesses and individuals a faster, more efficient, and cost-effective way to send and receive money internationally.
Benefits of Ripple's XRP ODL in India
- Reduced Transaction Costs: Eliminate the need for pre-funded accounts and associated fees.
- Faster Payments: Real-time settlement ensures funds are received quickly.
- Increased Efficiency: Streamlined processes reduce operational overhead.
- Greater Transparency: Blockchain technology provides enhanced traceability.
A great news, but yet NO price movement to the upside. What’s up with that? You know what – Despite short-term price fluctuations, the long-term potential of XRP and Ripple's ODL solution remains significant, particularly with its expansion into a massive market like India.