What is the meaning of ODL in the crypto industry?

3 answers

• bigname_CHRISOct 02, 2020 · 5 years ago
  ODL stands for On-Demand Liquidity, which is a service provided by Ripple, a blockchain technology company. ODL allows financial institutions to use XRP, the native cryptocurrency of the Ripple network, as a bridge currency for instant cross-border transactions. It enables faster and cheaper international payments by eliminating the need for pre-funded nostro accounts. ODL has the potential to revolutionize the traditional remittance industry and improve liquidity in the crypto market.
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• programming_with_A2Jun 23, 2024 · a year ago
  ODL is a term used in the crypto industry to refer to On-Demand Liquidity. It is a solution that leverages digital assets, such as XRP, to enable real-time, low-cost cross-border payments. ODL offers a more efficient alternative to traditional banking systems, which often involve multiple intermediaries and high fees. By using ODL, financial institutions can provide their customers with faster and cheaper international transfers, while also reducing their own operational costs.
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• Karl GrossNov 26, 2021 · 4 years ago
  ODL, short for On-Demand Liquidity, is a service provided by Ripple that aims to improve the efficiency of cross-border payments. It utilizes the XRP cryptocurrency to facilitate instant money transfers between different fiat currencies. ODL eliminates the need for pre-funded accounts, allowing financial institutions to free up capital and reduce liquidity costs. This technology has the potential to disrupt the traditional correspondent banking system and bring significant benefits to both businesses and individuals.
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