Ripple Bolsters European Foothold, Partnerships Announced

Payment company Ripple announced a partnership with a payment provider for the online marketplace Lemonway. This is the first France-based customer that will leverage RippleNet’s On Demand Liquidity (ODL) solution, supported by XRP.

The payment provider will use ODL to improve its treasury payment process. As Bitcoinist reported, Ripple has been trying to expand the use cases for ODL and XRP by allowing partners to optimize their treasury funds flow and management.

Thus, Lemonway will be able to remove friction from its treasury process, eliminate the need for pre-fund accounts abroad, and reduce costs from the entire process. Jeremy Ricordeau, Chief Operating Officer for Lemonway, said:

By using Ripple’s ODL to underpin Lemonway’s treasury operations we are looking forward to bringing significant benefits to our business which we can in turn pass onto our clients. Ripple’s solution allows us greater flexibility around when we make payments to o