\n<\/p>\n
In a press release<\/a> today, Ripple (XRP\/USD<\/a>) has revealed that it has partnered with Singapore\u2019s payment giant FOMO Pay.<\/p>\n The partnership will see FOMO Pay achieve instant cross-border USD and EUR payments leveraging Ripple\u2019s On-Demand Liquidity (ODL). FOMO Pay will also be able to settle cross-border treasury settlements at a significantly lower cost.<\/p>\n Speaking about the partnership, the founder and CEO of FOMO Pay, Louis Liu, said:<\/p>\n \u201cAs one of the leading payment institutions in Singapore, FOMO Pay aims to provide clients with more efficient and cost-effective payment modes in different currencies. We are excited to partner with Ripple to leverage On-Demand Liquidity for treasury management, which allows us to achieve affordable and instant settlement in EUR and USD globally.\u201d<\/em><\/p>\n<\/blockquote>\n Besides FOMO Pay, several other companies have adopted Ripple\u2019s ODL as a bridge for instant settlements and they include Pyypl, Novatti, Tranglo, iRemit, FlashFX, SBI Remit, and Azimo.<\/p>\n Despite its prolonged legal battle with the US SEC, Ripple has continuously made big strides globally. Ripple is still growing rapidly across the world as businesses continue to adopt it in other parts of the world outside the US.<\/p>\n Mid this month, Ripple partnered with an Italian motorcycle company Ducati<\/a> to allow the company to launch its NFTs on the Ripple blockchain through the XRP Ledger. It is worth noting that minting and listing of NFTs on the XRP Ledger have also grown significantly over the last few months.<\/p>\n XRP, which is Ripple\u2019s native token has also been recently adopted as a payment method on CryptoBar, a Tokyo-based cryptocurrency social media platform.<\/p>\n The continued adoption of Ripple blockchain products and services across the globe will certainly play a big role in the survivability of the blockchain once the case makes its final findings in the case of Ripple Vs. the US SEC. If the court rules against Ripple, Ripple would still have a fighting chance outside the US owing to the businesses that have adopted it outside the US.<\/p>\n
\n Are you looking for fast-news, hot-tips and market analysis?
\n
\n Sign-up for the Invezz newsletter, today.
\n <\/a>
\n<\/em><\/p>\n\n
Ripple making major strides despite legal woes in the US<\/h2>\n
\n\t\t
\n\t\t\teToro<\/span>
\n\t\t<\/a><\/p>\n