Ripple Labs has recently announced that their On-Demand Liquidity (ODL) payments solution is now live in India. This development comes after Ripple has been making plans to launch its payment solution in India since 2020. Before this, Navin Gupta, Managing Director of Ripple’s South Asia & MENA division, stated that Ripple is enthusiastic to bring the ODL solution to the India market. Despite Ripple’s growth in India since 2017, when they opened a regional office in the city of Bengaluru, the company was unable to launch ODL due to India’s stringent regulations. This changed two years ago when the Supreme Court overturned the decision from the Reserve Bank of India, which prohibited banks from dealing with crypto exchanges.

Ripple’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.



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