US blockchain company Ripple continues to sign new partnerships to strengthen its operations. The new partner of Ripple, which has recently expanded its remittance service to the Philippines in cooperation with QNB, has become FOMO Pay.
New Partner to Ripple from Singapore
Ripple, which opened its doors to Asian countries with QNB, signed a partnership agreement with Singapore-based payment institution FOMO Pay. With this agreement, Ripple will expand its services in Asia while streamlining FOMO Pay payment methods, which appear in the e-commerce, telecom, retail and tourism sectors.
According to the agreement between the two companies; FOMO Pay will improve treasury payments by leveraging Ripple’s On-Demand Liquidity (ODL) technology, providing liquidity support for euro and dollar. Thanks to the increasing partnerships on the Ripple front, a wide field of activity will be created.
Stating that the company can now make affordable and almost instant payments, Louis Liu, Founder and CEO of FOMO Pay;
“We aim to offer our customers more efficient and cost-effective payment modes in different currencies. We are excited to partner with Ripple to leverage On-Demand Liquidity for treasury management that enables us to get affordable and instant payments in EUR and USD worldwide.” He shared his views on the partnership.
