The long-standing legal battle between Ripple and the SEC in the US has not stopped the firm from advancing into other markets. For example, ripple announced its first On-Demand Liquidity partners (ODL) in France and Sweden via press release.
Ripple continues its expansion into the European markets to provide online payment services leveraging its XRP token. In the press release, Ripple announced that it would join forces with Lemonway, an online marketplace payment provider based in Paris.
Ripple revealed that Lemonway would utilize RippleNet ODL for crypto-enabled payments to enhance its treasury payment processes. This new partnership comes when France is embracing the potential of blockchain technology.
What Ripple Partnership Means To Lemonway And Xbaht
Through its partnership with Ripple, Lemonway would improve operational efficiency while eliminating the issue of pre-funding abroad accounts. This would allow the firm to recover trapped pre-fund capital and increase its...
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