Ripple Sensationally Rebrands ODL Service: Details


16 Sep 2023 12:51 PM

Ripple solution users should not worry about ODL services disappearing from fintech's official website...

  • Ripple has removed the section about on-demand liquidity (ODL) from its official communication channels.
  • Ripple's Vice President Emi Yoshikawa clarified that ODL services have been consolidated under the term "Ripple Payments."
  • Despite the rebranding, ODL mechanisms will continue to work as usual.
  • The transition from crypto-like jargon to more mainstream terminology is considered a trend.
  • RippleNet's ODL is a cross-border payment solution that uses XRP as a bridge asset.
  • Latin America and Asia Pacific are important regions for Ripple's ODL strategy.
  • Ripple partners, including MoneyGram, have integrated ODL into their services.
  • SBI, Tranglo, and other Ripple counterparties have opened more ODL corridors.
  • Some partners, like Novatti Group, have used ODL as their first step into the cryptocurrency space.
  • Novatti Group has released a fiat-backed stablecoin, AUDD, based on the XRP Ledger.
  • The XRP price is trying to stay above $0.5 on major spot exchanges.

The sentiment of the article is mostly neutral, with a focus on providing information about Ripple's rebranding of ODL services and its impact on users and partners.

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You May Ask

Why did Ripple remove the section about on-demand liquidity (ODL) from its official communication channels?What term has Ripple consolidated ODL services under?Will ODL mechanisms continue to work as usual despite the rebranding?What regions are crucial for Ripple's ODL strategy?Which partners have integrated ODL into their services and opened more corridors?Note: The answers to these questions are already provided in the summary section.

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