Ripple Announces On-Demand Liquidity (ODL) Solution Live in India
Author: Oliver MartinezRipple’s ODL solution optimizes liquidity for global payments that involve complicated corridors, including India, Mexico, Brazil, and more. Furthermore, Ripple confirms that its payments solution can access fiat currencies pairs quickly, leveraging XRP as a neutral bridge for these exchanges. Interestingly, Ripple’s announcement regarding the ODL solution does not appear to have created positive movement for XRP. The cryptocurrency is currently down 1.4% within the last 24 hours, and 11% during the past week alone- being traded at $0.45 according to Coingecko.
Overall, while it has taken two years to see success, Ripple’s ODL solution being launched in India is certainly a feat worthy of celebration. This development further solidifies Ripple’s place in the blockchain revolution, and in India’s financial infrastructure specifically.