FOMO Pay will use Ripple’s On-Demand Liquidity product in order to increase the efficiency of payments
Blockchain company Ripple has inked a partnership with FOMO Pay, one of the leading payment institutions in Singapore, according to a Pazartesi duyurusu.
The deal will make it possible for FOMO Pay to improve its treasury payments by leveraging Ripple’s On-Demand Liquidity (ODL) technology and gaining constant access to liquidity for the euro and the U.S. dollar.
Ripple ile ortaklık yapmadan önce şirket, fonların hedef hesaplara ulaşmasının birkaç gün sürebileceği verimsiz ödeme yöntemlerini kullanmak zorundaydı. FOMO Pay CEO'su Louis Liu'ya göre şirket artık uygun fiyatlı ve neredeyse anında ödeme gerçekleştirebilecek.
Ripple Kıdemli Başkan Yardımcısı ve Genel Müdürü Brooks Entwistle, Asya-Pasifik bölgesinin verimsiz ödeme mekanizmalarıyla ilgili sorunları çözme fırsatlarıyla dolu olduğunu iddia ediyor.
FOMO Pay was founded back in 2015 as a one-stop payment aggregator for enterprises and merchants spanning the e-commerce, telecom, retail, tourism industries.
Last year, the company secured additional licenses from the Monetary Authority of Singapore (MAS) in order to expand the list of its regulated activities. FOMO Pay gained the ability to facilitate transactions with digital payment tokens, including central bank digital currencies (CBDCs).
As U.Today tarafından bildirildi, the ODL payment solution experienced rapid growth in 2021, accounting for a fourth of all transactions on the RippleNet network. Ripple continues to onboard partners around the globe despite its legal troubles in the U.S. The ODL product is now on track to achieve küresel kapsama. The list of Ripple’s partners who use the payment solution includes Novatti, iRemit, FlashFX, and others.
Source: https://u.today/ripple-inks-major-partnership-with-singapore-based-payment-institution