According to Ripple’s new Quick Guide, XRP on-demand liquidity (ODL) payments are now confirmed to be available in India. Also, the guide says that payment options from blockchain technology companies are available in “complex corridors like Brazil, Mexico, India, and Southeast Asia.”
The company, based in the US, has always tried to offer the best solutions for foreign financial transactions. Also, their RippleNet blockchain network uses this technology to provide ways to send money around the world that are fast, safe, and cheap.
Ripple (XRP) ODL Now Live in India
Ripple is one of the most well-known companies in the blockchain business. Even though the blockchain technology company is in a court fight with the US Securities and Exchange Commission (SEC), they have done groundbreaking work in the global finance sector.
In particular, the network called RippelNet changed how money was sent around the world. Now, that network has grown because Ripple has announced that its XRP ODL is now available in India. Also, a new quick guide from the tech companies shows that the technology is in the country.
According to the guide, Ripple’s payment solutions provide “optimized liquidity for cross-border payments.” It also said it had offices in India, Brazil, Mexico, and Southeast Asia. After that, it was pointed out that the global payments network uses XRP “as a neutral bridge for various fiat currency pairs.”
Several Indian banks are said to be using the cross-border transfers network. In particular, Axis Bank, the biggest private bank in the country, has joined forces with Ripple. Ripple technology has also been used by Yes Bank, which is another essential private bank.