Ripple announced the first live implementation of its On-Demand Liquidity (ODL) service that will be used to facilitate cross-border transactions between Japan and the Philippines.
Ripple and Novatti’s effort first targets the Australia-Philippines corridor through a partnership with iRemit, a Filipino remittance service provider which also holds e-money and virtual currency exchanges licenses.
We talked to Ripple Southeast Asia head about PayID and his thoughts on remittances, interoperability, and central bank digital currencies.
