Cryptocurrency News

FOMO Pay taps Ripple’s liquidity solution for treasury management

07/27/2022

Less than a minute

2022.07.27 12:26

FOMO Pay taps Ripple’s liquidity solution for treasury management

Singapore-based institutional digital payment solution provider FOMO Pay has become the latest fintech firm to integrate Ripple’s liquidity solution called on-demand liquidity (ODL).

FOMO Pay would use the popular crypto enterprise technology to improve its cross-border treasury settlements. Earlier, the firm used the traditional payment system for cross-border settlement of euro and United States dollar trades, which took up to two days. However, with ODL integration, the firm aims to achieve an instant settlement with very low transaction costs.

07/27/2022

Less than a minute

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