ODL Partnerships

Definition ∞ ODL Partnerships refer to collaborations where financial institutions or payment providers utilize Ripple’s On-Demand Liquidity solution. This solution employs XRP as a bridge currency to facilitate real-time, low-cost cross-border payments without pre-funding destination accounts. These partnerships aim to modernize international money transfers.
Context ∞ News about ODL Partnerships provides context for understanding the adoption of blockchain-based payment solutions in traditional finance. Reports often highlight the benefits of faster settlement and reduced operational costs for participating entities. These collaborations signify a growing acceptance of digital assets for enhancing global payment infrastructures.