Fomo Pay to use Ripple ODL for crypto-enabled treasury management

07/26 03:57

Ripple today announced a partnership with Singapore-based major payments institution FOMO Pay, which will utilize Ripple’s crypto-enabled enterprise technology to improve its cross-border treasury flows. On-Demand Liquidity (ODL) leverages XRP, the digital asset built for payments as a bridge between two fiat currencies, enabling instant and low cost settlement without the need to hold pre-funded capital in a destination market.
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