The San Francisco-based remittance company, Ripple, has partnered with Azimo, a Europe-based digital money transfer service.

Per the announcement, Azimo has launched its On-Demand Liquidity (ODL) service as part of its remittance capabilities into The Philippines. The company also has plans to expand its use of ODL across more corridors this year. Although news about the partnership just came, Azimo had already piloted the ODL solution to identify its potential.

The company’s CEO, Richard Ambrose, said in an interview that the service is a fast and efficient bridge within the remittance market. He claims that it saved Azimo about 30% – 50% in processing remittances between customers in the Philippines and those in the Europe.

Ambrose was also asked whether Azimo was paid to use Ripple’s ODL solution, as skeptics have pointed in earlier partnerships. He answered that, though his company will be paid by Ripple, that money is mainly to offset the technology investments it must make for its infrastructure.

Ambrose mentioned that, his company has been interested for a long time in the potential of cryptocurrencies like XRP to streamline cross-border payments for its customers. He said Ripple’s ODL solution has reduced the cost and delivery time for cross-border payments significantly. He claims their customers have started seeing the benefits of the solution.

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