Faster Transfer Requirements in Today’s Crisis
Ashleesh Birla writes that in the current crisis conditions that erupted earlier this year and caused a global quarantine, some major markets are now migrating to digital formats or to a greater extent.
The pandemic is spread on physical banknotes and its coins are; supermarkets, public transportation etc. in many countries. It is recommended to use debit cards to make payments. (it is even known that only contactless debit cards are recommended)
The European Union is working to launch the digital Euro. On the other hand, China is working harder on the government-backed crypto DCEP it launched before the pandemic broke out.
MoneyGram (RippleElectronic payments from giants like ‘ODL partner ‘) and Western Union (the company that recently offered to buy MoneyGram) increased forty percent.
Ripple Steps To Open New ODL Corridors
Birla introduced the prepay mechanism, which is part of the worldwide money-sending mechanism, through financial institutions.
Ripple’s top manager reminds readers that ODL doesn’t require prevention; He said that much faster and cheaper money can be transferred through RippleNet and XRP.
Birla, it is important that the individuals in the families are scattered all over the world and that these individuals can send money from one country to another quickly in today’s crisis periods; He states that faster and cheaper transfers are very important.
In addition to those in Mexico, Europe, Australia and the Philippines, it announced it is trying to open some new ODL corridors.
In addition, the blockchain giant is increasing ODL volume in existing corridors with new customers.