goLance has announced the use of XRP for payments on its network of over 500k users worldwide. The firm noted its official roll out of cross-border payments platform powered by XRP, On-Demand Liquidity, for users’ payment.

According to the CEO of goLance, Michael Brooks, freelancers’ hyper-sensitivity about the cost and time required to receive payment is understandable and the On-Demand Liquidity of RippleNet helps goLance to come up with hyper-efficient, low-cost payments for the happiness of customers and foster business growth.

GoLance joined RippleNet some days ago, but it was not initially clear whether the firm would use ODL.

Brooks noted the benefits of cross-border payment products, which is a cost reduction for customers who have been relying on wire transfers.

Another benefit of the partnership between GoLance and Ripple is the setting up of relationships between the firm and banks and the establishment of new payment corridors in two weeks. The firm has in the past said the process took a minimum of six months. Brooks is hopeful to introduce new payment channels where accessibility was once difficult.

“@Ripple does all the hard work to open up challenging corridors so we can provide faster, cheaper #payments that help #freelancers provide for their families, deliver for their #clients and grow their #businesses as we grow ours,” says CEO Michael Brooks. https://t.co/vLjLpUNvgB — goLance (@goLanceInc) January 29, 2020

Brook said XRP provides advantages that Bitcoin does not offer his business. He said his company’s function is to ensure that people can purchase groceries. Hence, the company decided to use XRP instead of Bitcoin, as the volatility of Bitcoin is extreme and the receiver can convert it to fiat currency.

He continued that if any problem arises, he cannot speak with Bitcoin but Ripple is a service provider. Brook said he has been to Ripple’s offices worldwide and worked with their teams to achieve faster and more efficient payments.

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