🚀 Tranglo, the global payment processor, has taken a leap of faith and integrated Ripple's On-Demand Liquidity (ODL) service, using XRP to streamline cross-border payments. Say goodbye to traditional banking inefficiencies, and hello to swift and cost-effective transactions! 💸

After a successful pilot run in 2021, Tranglo fully embraced the technology in 2022, processing a whopping $970 million in payments via Ripple's ODL. That's some serious growth! 📈

The ODL process is as smooth as a baby's bottom. Money is deposited into RippleNet, XRP is withdrawn and sent to Tranglo's account, exchanged for local currency, and voila! Instant crediting of equivalent fiat currency. Fast, secure, and efficient.

Since integrating Ripple's ODL, Tranglo's transaction value has soared from $1.3 billion in 2018 to $3.3 billion in 2022. That's a lot of dough! 💰

Despite the high volume of transactions, XRP's market price remains stable. Ripple's ODL is designed to be demand-agnostic, ensuring it doesn't mess with the market dynamics.

This integration marks a significant milestone for Tranglo and showcases the potential of blockchain to overcome traditional barriers in international finance.

What are your thoughts on this? Let's chat in the comments! #BlockchainNews #Ripple #Tranglo #XRP