Bitstamp clients will be able to instantly fund their accounts with dollars through the Ripple system
Users of one of the oldest cryptocurrency exchanges on the Bitstamp market now have the opportunity to instantly replenish their accounts with US dollars using the product of the fintech startup Ripple. The solution was implemented by the Australian company FlashFX, which opened a new payment corridor in the On-Demand Liquidity (ODL) system from Ripple.
In particular, it allows for the conversion of funds from Australian dollars into US dollars, which are then credited to the user’s Bitstamp account through the address in the Ripple system..
“As one of the first users of Ripple’s On-Demand Liquidity, we were able to see the benefits of the product and its potential not only in the context of fundamentally improving cross-border transfers for clients, but also in the impact on our financial results,” said FlashFX CEO Nicholas Steiger.
In November, Ripple announced that the number of its clients exceeded 300, and about two dozen companies are already using ODL based on XRP cryptocurrency to make cross-border payments..
It also became known today that the Japanese cryptocurrency exchange BitFlyer decided to add XRP to its platform. Representatives of BitFlyer, citing data from the Association of Virtual Currency Exchanges of Japan, noted that XRP is the second most popular cryptocurrency among local traders..
It is not known whether XRP will be available to clients of BitFlyer’s European and American divisions.
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