Ripple Lands Partnership With Singapore-Based Payments Firm To Leverage XRP for Cross-Border Settlements

Ripple Lands Partnership With Singapore-Based Payments Firm To Leverage XRP for Cross-Border Settlements


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.

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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

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