FOMO Pay will use Ripple’s crypto-enabled enterprise technology to improve its cross-border treasury flows. On-Demand Liquidity (ODL) uses XRP, the digital asset built for payments as a bridge between two fiat currencies.
Historically, ODL has been primarily used for cross-border payments to help payment services providers (PSPs) and small-to-medium enterprises (SMEs) manage trapped capital that could be better deployed to help grow and scale their businesses.
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