A Singapore-based payment solution provider is going to use On-Demand Liquidity (ODL), Ripple’s XRP-powered cross-border payment product.
FOMO Pay will use ODL to improve its cross-border treasury flows, according to a new press release from Ripple.
The fintech company, which was founded in 2015, aims to use the cross-border payment product to get constant access to liquidity for the euro and dollar in order to facilitate same-day settlements.
Explains Louis Liu, founder and CEO of FOMO Pay,
“As one of the leading payment institutions in Singapore, FOMO Pay aims to provide our clients with more efficient and cost-effective payment modes in different currencies. We are excited to partner with Ripple to leverage On-Demand Liquidity for treasury management, which allows us to achieve affordable and instant