Despite bear market conditions, big deals keep coming from Ripple (XRP). Ripple Labs has announced new partnerships in France and Sweden.
Ripple for online markets based in Paris regulated a payment provider Lemonway and Swedish money transfer provider focused on remittance payments between Sweden and Thailand xbaht with On-Demand Liquidity (ODL) signed agreements for technology.
ODL technology offered by Ripple for cross-border payments acts as a bridge between two fiat currencies in payments. In this way, without the need to hold pre-financed capital in the target market instant and low cost payment provides.
However, in the announcement shared by Ripple, RippleNet’s ability to use the company’s blockchain network for international payments, thanks to banks that signed up. over $15 billion per year the payment volume has been reached.
Waiting for the conclusion of the critical court on the US side, Ripple Labs, on the other hand, continues its growth around the world without slowing down. At the same time, the Ripple company will be included in its global structure by the end of this year. 300 new staff plans to add.
General Manager of Ripple UK and Europe Sendi Youngexpressed his thoughts for the future with the following statements:
It’s not nice to see other companies struggling in this market environment, but we are growing fast and we are also well funded. I definitely believe in a future where many cryptocurrencies will be widely used, as well as some central bank digital currencies, possibly some stablecoins and everything else in between. These different ways of carrying value are interchangeable, and they will all have different use cases.