On-Demand Liquidity, a real-time global settlement platform, is being developed by Ripple Inc., a prominent American blockchain infrastructure provider who is suing the SEC. This case is an attempt to stop the SEC from regulating the cryptocurrency market (ODL). Over 40 developing countries have joined the ODL, according to Ripple, who also noted that the ODL has been widely embraced. As a result, all market analysts concur that the Ripple v. SEC case has severely devalued XRP and may even be suppressing its price. While establishing its international connections, Ripple is battling the SEC in a US court. For instance, the blockchain business recently said that important financial companies in Israel, Argentina, Belgium, and Africa have used its ODL. Additionally, SWIFT messaging platforms substantially dominate the majority of these new industries.
Furthermore, according to Ripple, consumers of its RippleNet service using fiat are switching to ODL in the US, Australia, Brazil, Singapore, the UAE, the UK, and the US. Andean Wide, BC Remit, Cascade, Choice International, CrossPay, GCC Remit, GMT, Hai Ha, iSend, Lulumoney by Lulu Financial Holdings, Lyons Express, MoneyTrans, PMI Americas, Remitee, Right Choice Payments, Sir Money Changer, Tier Money, and WTM International are just a few of the new and upgraded clients that have adopted Ripple’s ODL.