The co-founder of FlashFX, Nicolas Steiger, claims Ripple’s crypto-based remittance product is the real deal.

FlashFX is an international money transfer company and a long time Ripple partner. It was one of the first companies to start utilizing Ripple’s On-Demand Liquidity (ODL), which uses Ripple to make cross-border payments.

In a recent interview with Crypto Eri, Steiger gave responses to Ripple detractors who questioned the company’s business model. He said his company made a strategic decision to use Ripple earlier, and that Ripple didn’t pay them to be a client.

Steiger added that, Ripple’s ODL is not a scam, as some were speculating. He said the ODL solves a real world problem and has a real use case.

According to Steiger, regulatory uncertainty is one of the biggest challenges to wider use of digital assets among banks and Fintech startups.

Ripple launched its ODL payment solution in October 2018. The company claims this solution has the potential to give financial institutions and companies modern way of making cross-border payments.

The company has opened payment corridors between the US, Mexico and the Philippines. Steiger says he is hoping that Australia, the home of FlashFX, will be next.

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