Today blockchain payments firm Ripple announced that money transfer company Azimo has adopted Ripple’s On-Demand Liquidity solution (ODL) which uses the XRP cryptocurrency. The company will use XRP for transfers to the Philippines with plans to expand ODL to other markets in the future.
Azimo is based in the UK, Poland and the Netherlands and to date more than a million customers have used its platform. In 2019 it ranked in the Sunday Times Tech Track 100 fastest growing UK companies. It made the list after experiencing an average revenue growth rate of 72.44% over three years.
Although its 2018 revenues were just £10.8 million ($14m), in 2019 it processed more than $1 billion in transfers.
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