Ripple has announced the launch of RippleNet's On-Demand Liquidity (ODL) service in Brazil in partnership with Travelex Bank.
Ripple's ODL solution uses XRP, a digital asset built for payments, to allow customers to send money across borders quickly, at relatively low cost, and without the need to hold pre-funded capital in the destination market.
Bom dia! Brazil is open for Ripple’s On-Demand Liquidity with Travelex—our first LATAM bank partner—and the first bank approved by the Central Bank of Brazil to operate exclusively in FX. We’re excited to bring crypto-native solutions to 🇧🇷https://t.co/G6U8nh9jIY
— Ripple (@Ripple) August 18, 2022
