Ripple Partners Registers 1,700% Volume Increase in $XRP-Powered Cross-Border Payments Solution Use
Ripple partner Tranglo has reported an impressive trajectory in its service metrics from 2021 to 2023, registering a net rise in the usage of the $XRP-powered solution On-Demand Liquidity (ODL)....
- Ripple partner Tranglo has experienced significant growth in its usage of the On-Demand Liquidity (ODL) solution, powered by XRP.
- Tranglo's net ODL transaction volume surged from $53 million in 2021 to $970 million in 2022, a 1,700% increase.
- The growth has benefited small and medium-sized enterprises, providing new cash flow opportunities.
- In 2022, Tranglo's transfers amounted to over $3.3 billion, with 80% of transactions concluded in real-time without latency.
- ODL is part of Ripple's RippleNet offering, leveraging XRP to source liquidity during cross-border transactions.
- The XRP Ledger is expected to see upgrades, potentially increasing transaction throughput to 3,400 transactions per second.
- The XLS-30d amendment may introduce a built-in automated market maker (AMM) trading platform to the ledger, allowing token holders to earn income on-chain.
The article highlights the impressive growth and positive impact of Tranglo's usage of Ripple's ODL solution, powered by XRP. The sentiment is generally positive.