Ripple vice president of customer success Marcus Treacher says the real-time payments startup is working on expanding its On Demand Liquidity (ODL) platform to service more corridors this year.
In a Bequant interview, Treacher talks about what the future holds for Ripple and confirms the XRP-powered payment system is live in Europe.
“We have established On Demand Liquidity corridors into Mexico, the Philippines, Australia and Europe, and we’re hoping to further this expansion by opening corridors to APAC and EMEA this year.”
Users that track potential ODL transfers have reported a high volume of euro to US dollar transactions for weeks. The EUR/USD pair is currently one of the busiest ODL corridors with a daily volume of $1,062,120 at time of writing, according to ODL tracker Utility-Scan.com.
#ODL daily summary
TOP 4 Corridors :
From USD TO MXN : $2,346,624
From EUR TO USD : $923,835
From AUD TO USD : $328,281
From USD TO PHP : $217,180
ODL daily volume : $3,836,652
— Utility-Scan.com (@UtilityScan) July 7, 2020
Last month, Ripple’s global head of banking Marjan Delatinne revealed that the company is also looking to launch ODL in Brazil.
“We extend these services now to more and more corridors, typically exotic corridors with lots of challenges, like [the] Philippines [and] very soon within Brazil.”