Ripple, Enterprise blockchain and crypto solutions provider has partnered with FOMO Pay. FOMO Pay is a leading Singapore-based institutional digital payment solution provider and has become the latest firm to unify with Ripple’s liquidity solution.
Through this integration, FOMO Pay is planning on using Ripple’s crypto-enabled enterprise technology which is supposed to enable its cross-border treasury flows.
Previously, FOMO Pay used to employ the traditional payment system for cross-border settlement of Euro and US Dollar trades which could take up to two days. With this new integration, ODL (On-Demand Liquidity), the firm will be able to conduct instant settlement with very low transaction costs.