Ripple continues overseas expansion with Tranglo to UAE

Crypto technology giant Ripple partnered with global payments firm Tranglo to expand Ripple’s On-Demand-Liquidity (ODL) solution to the United Arab Emirates (UAE), days after shaking hands with Latin American Bank Travelex to do the same for Brazil. Tranglo’s official Twitter account announced the new initiative by posting a Tweet on Aug.24, 2022. Ripple’s ODL offers one of the cheapest and fastest cross-border payment solutions. The ODL utilizes XRP to enable users to send funds across the globe. It is accessible 365/24/7 and requires no pre-funding from the receiving market. The ODL also allows users to reverse payment for free for up to five days.