Crypto

Ripple Confirms ODL is Coming to Thailand and Australia

There are always developments in the crypto and financial industry to take note of. A new announcement by Ripple’s head of global operations will affect both industries at the same time.

It has been rumored for some time how Ripple will expand the availability of its On-Demand Liquidity.

Ripple Keeps Pushing Forward

Particularly in Australasia, things can get very interesting in the near future. 

Eric van Miltenburg has now officially confirmed that ODL will be coming to Australia and Thailand.

Those are the same two locations that were rumored to be tapped into following the Swell conference.

It is expected both regions will benefit from this technology by early 2020.

This marks the third and fourth region where ODL will revamp money transfers.

Earlier, Ripple brought this service to both Mexico and the Philippines.

This news also comes at a crucial time for the financial services company.

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Its partnership with MoneyGram continues to pay dividends in spades.

However, the remittance giant has nudged Ripple to enter new markets at an accelerating pace.

It appears these two “announcements” are part of making that strategy come true in the near future. 

There are plenty of other regions where ODL could make a significant impact.

Unfortunately, the current regulatory landscape won’t allow for the use of digital assets in some countries.

For Ripple,it is crucial to not launch in markets where regulatory problems could arise fairly quickly.

How this will affect the market value of XRP, is very difficult to predict.

Ripple’s native asset hasn’t seen much positive price action throughout 2019. 

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

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