Ripple’s CTO, David Schwartz, said that the firm is witnessing more demand for its remittance product than expected. He initially thought Ripple would only see demand in historically expensive payment routes with low levels of liquidity. David Schwartz, Ripple’s chief technology officer, has said that the firm is experiencing more demand for its XRP-powered remittance product than expected. Schwartz said that he initially thought Ripple would only see demand in inefficient and historically expensive payment routes with low liquidity levels. Responding to a question regarding an apparent $1.5 million rise in 24-hour EUR/USD volume on Ripple’s ODL, Schwartz said that the customers are proving him wrong. I didn’t think it would make sense in corridors that are already so efficient and liquid, but we have customers who say the speed and availability at all hours and during holidays makes it useful to them. [email protected] In November, Ripple had discussed its plans to expand the reach of ODL. The firm had promised to launch additional corridors in Asia-Pacific, Europe, the Middle East, Africa and Latin America. The liquidity solution currently serves popular companies, including goLance, Viamericas, MoneyGram, Interbank Peru and FlashFX. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/JPY: Depressed below 108.00, looks to US-China tussle for firm direction FX Street 3 years Ripple’s CTO, David Schwartz, said that the firm is witnessing more demand for its remittance product than expected. He initially thought Ripple would only see demand in historically expensive payment routes with low levels of liquidity. David Schwartz, Ripple’s chief technology officer, has said that the firm is experiencing more demand for its XRP-powered remittance product than expected. Schwartz said that he initially thought Ripple would only see demand in inefficient and historically expensive payment routes with low liquidity levels. Responding to a question regarding an apparent $1.5 million rise in 24-hour EUR/USD volume on Ripple’s ODL, Schwartz said that… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
