On Demand Liquidity
ODL
Smarter Use of Capital Even in Hard-to-Reach Markets
International payments, especially in emerging markets, require businesses to hold pre-funded accounts in destination currencies. It’s a costly endeavor that ties up resources. RippleNet provides an alternative. While any financial institution on the network enjoys reliable, instant and lower-cost transactions, those who use the digital asset XRP to source liquidity can do so in seconds–freeing up capital and guaranteeing the most competitive rates available today
How On-Demand Liquidity Works
RippleNet customers can use XRP to bridge two currencies in under three seconds, ensuring payments are quickly sent and received in local currency on either side of a transaction.
RippleNet customers can use XRP to bridge two currencies in under three seconds, ensuring payments are quickly sent and received in local currency on either side of a transaction.
- 1: The sender requests a quote on pricing and FX
- 2: Ripple’s technology calculates the pricing and FX across all parties, and returns a quote to the sender
- 3: The sender accepts the quote and submits payment instructions, initiating the payment
- 4: The send-side exchange debits the sender’s account, and converts that amount (less fees) into XRP
- 5: XRP is sent across the XRP Ledger (settles in 3 seconds) from the send-side exchange to the receive-side exchange
- 6: The receive-side exchange converts XRP into local currency, and credits the sender’s account (less fees).
- 7: Ripple’s technology confirms the amount received is accurate, and will top up the sender’s account if needed
- 8: The receive-side exchange forwards the payment to the receiver
- 9: The receiver forwards the payment if necessary
- 10: The sender and receiver confirm the transaction is complete
Video create by @XRPshine for XRP4U.com
Partner
Exchanges
Bitstamp
Bitso
Bitrex
Coins.PH
Bitkub
TBC
TBC
TBC
Partner
Market Makers
BTC_Markets
TBC
TBC
TBC
Partner
Who is Using On-Demand Liquidity (ODL)
MoneyGram
TransferGO
Instarem
SendFriend
MercuryFX
GoLance
FlashFX
VIAMERICAS
InterBank Peru
BeeTech
Catalyst
Cuallix
Euro Exim Bank
HODL Finance
IDT
Intergiro
JNFX
NIUM
SADAD
TRANSPAYGO
YOUHODLER
Intermex
Azimo
AMNIS
ODL Corridors world map
Interactive Schematic of detectable high volume flow, Select Country flag to filter flow
XRP Utility-Scan
