YES ! The cryptocurrency market is currently going through a major crisis. Still, some reputable companies still manage to steer their boat. This is particularly the case of Ripple, considered the third largest crypto (after bitcoin and ethereum). In its report, it indeed reveals a massive adoption of the ODL solution throughout the year 2022.
Growth of the ODL platform: the evidence does not lie
“Our On-Demand Liquidity (ODL) solution has been widely adopted this year, and we have the technology, global network and diverse customer list to prove it. It is in these terms that Ripple wanted to share a most positive assessment of the ODL “on-demand liquidity solution”.
In his report, Ripple indeed reveals that the ODL crypto solution now covers the whole world. It is used in several large countries, such as the United Kingdom and the European Union. Developing markets are obviously not left out. Ripple is even planning to create ODL corridors in France and Africa, not to mention the many other partnerships concluded throughout the year.
That’s not all ! Since its launch in 2018, ODL has also had a very large number of users. This ranges from simple traders to SMEs. This enthusiasm can be explained by the ability of this platform to guarantee cross-border transactions of all kinds.
Improvements in sight, according to Ripple
Eager to satisfy its customers, Ripple is constantly innovating. To improve the customer experience, for example, it plans to add learning capabilities to the ODL solution. The payment process will then become more efficient.
“We are excited to launch many of these features this year to scale ODL effectively to serve more customers globally and provide the best possible experience for our customers. said Devraj Varadhan, Senior Vice President of Engineering at Ripple.
ODL is not Ripple’s only flagship product. In its report, the company also announces the success of RippleNet: 30 billion dollars processed in the year 2022. Let’s hope that the blockchain manages to maintain this line of success for the coming months!
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