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Ripple Expands Its Partnership With I-Remit

Twitter icon  •  Published 2 years ago on September 21, 2022  •  Hassan Maishera

Ripple announced in a blog post on Tuesday that it has expanded its partnership with I-Remit, one of the largest non-bank remittance service providers in the Philippines.

Ripple Expands Its Partnership With I-Remit

Ripple announced in a blog post on Tuesday that it has expanded its partnership with I-Remit, one of the largest non-bank remittance service providers in the Philippines. I-Remit will expand its use of Ripple’s On-Demand Liquidity (ODL) solution to improve its cross-border treasury flows. I-Remit chose to expand its use of ODL to improve its internal treasury management, Ripple added. 

The XRP Ledger (XRPL) is an open-sourced distributed ledger powered by a network of peer-to-peer servers. XRP is the digital asset native to XRPL. It is designed to function as a bridge currency, with the goal to "power innovative technology across the payments space" and enable "seamless, real-time, final, and cost-effective" global payments. XRP is up by more than 7% today and is trading at $0.3971 per coin.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.