ODL, or liquidity on demand, is the process of purchasing and selling Ripple (XRP) cryptocurrency in originating and destination countries to establish a liquid supply of liquidity. A remittance service normally keeps money in each country’s currency.
Customers may immediately transfer money across the globe using Ripple’s On-Demand Liquidity (ODL) at any time – including on weekends and holidays – without pre-funding accounts or costly international bank arrangements that take days to settle, which are also expensive.
How does Ripple Odl work?
Ripple (XRP) is used as a bridge between two currencies in RippleNet’s On-Demand Liquidity (ODL) service, which enables users to remove pre-funding of destination accounts, cut operating expenses, and unlock capital for business.
How fast does Ripple work?
Transaction confirmation usually takes 4 to 5 seconds. Ripple’s trading network accepts XRP, other cryptocurrencies, fiat currencies, and even gold.
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