​Philippines-Based I-Remit Advances Its Use of Ripple’s On-Dem | Altcoin Holder

​Philippines-Based I-Remit Advances Its Use of Ripple’s On-Demand Liquidity (ODL) Solution for Internal Treasury Payments

The company has expanded its use of Ripple’s ODL after experiencing the potential of the payment solution.

I-Remit, a Philippines-based non-bank remittance service provider, has announced that it has expanded its use of Ripple’s On-Demand Liquidity (ODL) solution to enhance its cross-border treasury flow.

According to a recent announcement made by Ripple, I-Remit is among the early adopters of ODL and has been using the payment solution for cross-border remittances in real-time into the Philippines since 2018.

Following its adoption of Ripple’s ODL in 2018, I-Remit had first-hand experience of the potential of the payment solution into one of the largest remittance destinations globally and has chosen to expand its use of ODL.