Ripple, the leader in enterprise blockchain and crypto solutions, announced its first On-Demand Liquidity (ODL) customer in France as it joins forces with Lemonway, Ripples new partnership with lemonway comes at a time when France has been showing itself to be foward thinking when it comes to

Ripple has also announced a second new ODL customer, its first in Sweden. Swedish money transfer provider Xbaht enables money movement between Sweden and Thailand. Xbaht’s new partnership with Ripple sees the company offering instant and cost-effective retail remittances via ODL, supported by Tranglo, the cross-border payment hub based in Singapore.

Ripple Labs, cryptocurrency payments company has formed new partnerships in France and Sweden, continuing its march into Europe despite the current wintery freeze enveloping much of the crypto industry.

Lemonway is able to drive operational efficiencies by eliminating the need for Lemonway to pre-fund accounts abroad, giving them the opportunity to use previously trapped pre-funded capital to grow and scale their business.

RippleNet, the collection of banks and payment providers that have signed on to use Ripple’s blockchain network for international payments, has clocked up payment volume of over $15 billion per annum, the company said in a press release.

Welcoming two new ODL partners today! @LemonWay as our first ODL partner in France & Xbaht as our first ODL partner in Sweden! 🇫🇷🇸🇪

Together, we’re making it easier for consumers and businesses in these regions to make real-time payments around the world. https://t.co/WOFgR3D0IP

— Ripple (@Ripple) October 11, 2022

Most crypto firms struggle to stay afloat, Ripple appears to be in rude health, promising to add some 300-plus staff this year, a hiring goal on course to be achieved by year-end, according to Ripple’s managing director for U.K. and Europe, Sendi Young. Ripple is also circling assets up for grabs in the current Celsius Network bankruptcy auction, which includes the custody platform GK8.

We are delighted to be working with Lemonway and Xbaht, our first ODL customers in France and Sweden respectively. Since our inception ten years ago, Ripple has focused on using blockchain and crypto to build real use cases. This is why we have become the partner of choice for enterprises such as Lemonway and Xbaht looking to tap into global crypto liquidity to eliminate the traditional problems associated with cross-border payments such as lack of speed, unreliability and excessive cost

Said Sendi Young, Managing Director, Europe, Ripple.

Ripple price

XRP’s price today is US$0.5215, with a 24-hour trading volume of $2.59 B. XRP is +5.15% in the last 24 hours. It is currently -1.38% from its 7-day all-time high of $0.5288, and 19.07% from its 7-day all-time low of $0.438. XRP has a circulating supply of 49.86 B XRP and a max supply of 100 B XRP.