Blockchain company Ripple (XRP) has signed a partnership agreement with FOMO Pay, one of Singapore’s leading digital payment providers.
Ripple, Monday, July 25 Singapore-based leading digital payments provider FOMO Pay with have formed a partnership announced. Agreement, FOMO Pay‘s liquidity solution for Ripple’s treasury payments On-Demand Liquidity (ODL) technology will be integrated.
Using traditional payment systems that take several days for cross-border payments FOMO Paywith the agreement ODL will benefit from technology and thereby euro and dollar liquidity providing constant access improving treasury payments will make it possible.
CEO of FOMO Pay Louis LiuThanks to the agreement with Ripple, the company is now affordable and instant payments He said he could offer:
As one of Singapore’s leading payment institutions, we aim to offer our customers more efficient and cost-effective payments in different currencies. We are excited to partner with Ripple to leverage On-Demand Liquidity technology that will enable us to make affordable and instant payments in EUR and USD globally for treasury management.
Ripple Senior Vice President and General Manager Brooks Entwistle statement on the subject Asia-Pacific the inefficient payment systems of the region opportunity said they saw it.
Developed by Ripple ODL technology 2021 experiencing rapid growth in RippleNet in your network a quarter of all transactions had created.