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I-Remit Expands Use of Ripple's ODL for Enhanced Treasury Management

I-Remit, a leading non-bank remittance provider in the Philippines, is scaling its use of Ripple's On-Demand Liquidity (ODL) to streamline cross-border treasury flows and improve liquidity access.
Published on 2022-09-21

I-Remit Enhances Treasury Management with Ripple's ODL

I-Remit, the Philippines' top non-bank remittance service provider, is expanding its use of Ripple's On-Demand Liquidity (ODL) to optimize its internal treasury management. This move aims to address the inefficiencies and high costs associated with traditional cross-border payment systems.

How ODL Benefits I-Remit

Ripple's ODL leverages XRP, a utility token, to enable rapid and cost-effective settlements without requiring pre-funded capital in destination markets. By adopting ODL, I-Remit gains 24/7 access to liquidity, reducing the friction typically linked with cross-border transactions.

Strengthening Partnership

As one of Ripple's earliest ODL adopters, I-Remit has been a pioneer in using blockchain technology for efficient payment solutions. This expansion underscores the company's commitment to innovation and customer service excellence.

Future Outlook

The partnership highlights Ripple's growing traction in the fintech space, with ODL volume consistently increasing. I-Remit's adoption of ODL for treasury management is set to further enhance its payout capabilities, ensuring better services for its customers.

This collaboration between I-Remit and Ripple exemplifies how blockchain and crypto solutions can solve real-world financial challenges, driving growth and efficiency in the remittance industry.

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