Ripple Expands In Europe With On-Demand Liquidity In France, Sweden

The Ripple team announced today that Lemonway, an online marketplace payment provider in Paris, has become the company’s first On-Demand Liquidity (ODL) customer in France. Lemonway will use RippleNet’s ODL, which uses XRP for crypto-enabled transactions, to improve its treasury payments operations as part of the new collaboration. Welcoming two new ODL partners today! @LemonWay as our first ODL partner in France & Xbaht as our first ODL partner in Sweden! 🇫🇷🇸🇪 Together, we’re making it easier for consumers and businesses in these regions to make real-time payments around the world. https://t.co/WOFgR3D0IP — Ripple (@Ripple) October 11, 2022 Ripple To Embrace Blockchain Technology In its new partnership with Lemonway, Ripple demonstrates its forward-looking approach to embracing blockchain technology. Lemonway’s partnership with Ripple enables it to improve operational efficiency by eliminating the need to pre-fund foreign accounts. Therefore, Lemonway can expand and develop its business by using pre-funded funds that had previously been imprisoned. Jeremy Ricordeau, Chief Operating Officer at Lemonway, stated that the partnership aims to bring significant benefits to the business by using Ripple’s ODL to support Lemonway’s treasury activities. Xbaht-Swedish Payment Processing Company Money can be sent between Sweden and Thailand due to the Swedish payment processing company Xbaht. With the help of Tranglo, the Singapore-b...