UAE-licensed fintech PYYPL uses Ripple’s ODL product based on XRP

Antti Arponen, the founder and CEO of UAE-based financial services provider Pyypl, explains how it is boosting its services by teaming up with Ripple since last October. Pyypl launched RippleNet’s first-ever On-Demand Liquidity (ODL) deployment in the Middle East, giving Pyypl technical connectivity to hundreds of worldwide financial institutions, mainly in Asia and Africa, and the same time reducing its cross-border liquidity risks.

Ripple’s ODL blockchain product uses the XRP Ledger for cross-border transactions, benefiting directly Pyypl’s customers with much more affordable remittances. Read more on how Pyypl itself describes their business model based on Ripple’s technology:

Blockchain Helps Curb X-Border Liquidity Risks | PYMNTS.com

Disclaimer: The above may or may not reference my own investments and is ONLY for informational purposes. It is NOT investment advice. Seek your own licensed professional for any type of investment advice.