CryptoMediaClub
Friday, October 3, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

ChinaBank Partners With QNB To Enable Remittance Using Ripple’s ODL

30.04.2023
A A
0
135
VIEWS
ShareShare

ChinaBank Partners With QNB To Enable Remittance Using Ripple’s ODL

  • Both banks may allow immediate XRP payments via Ripple’s On-Demand Liquidity (ODL).
  • ChinaBank has said that the partnership’s overarching goal is to better serve Filipinos.

ChinaBank, a Philippine banking institution, has partnered with Qatar National Bank (QNB) to enable a direct transfer of funds through the RippleNet payment technology from Qatar to the Philippines.

ChinaBank has said that the partnership’s overarching goal is to better serve Filipinos. Especially who have been sent to work abroad after Covid-19.

Both banks may allow immediate XRP payments via Ripple’s On-Demand Liquidity (ODL), eliminating the need for time-consuming and expensive correspondent banking arrangements. The China Bank START app for smartphones allows clients to easily start an OKS Account with no minimum deposit, as stated in the introduction.

Growing Acceptance of Blockchain-based Solutions

QNB is Ripple’s most important partner in the Middle East and North Africa. As part of its strategy to rapidly enhance cross-border payments and remittance services, the bank announced cooperation with Ripple in 2021.

ChinaBank and QNB’s partnership in adopting Ripple’s ODL is more evidence of the growing acceptance of blockchain-based solutions in the overseas remittance market.

Ripple’s On-Demand Liquidity (ODL) technology facilitates instantaneous international transactions by means of digital assets like XRP. To use it, first, convert your money into XRP, and then use that XRP to buy any currency you need.

By using this strategy, time and money may be saved by bypassing the time-consuming and expensive process of establishing traditional correspondent banking connections. When compared to more traditional methods of making cross-border payments, ODL is a time and cost-efficient alternative.

Several countries have already launched Ripple’s ODL to enhance financial transactions. The Japanese market for the payment platform opened up in 2021. When ODL was initially used in Japan, Ripple believed it would assist speed up the spread of the technology.

Recommended For You:

Ripple (XRP) Price Prediction 2023 — Will XRP Hit $1 Soon?

Share10Tweet7ShareSharePin2

Related Posts

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei
Blockchain

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

18.07.2025
0

Skip to content

Read moreDetails
Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

17.07.2025
LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

14.07.2025
Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

14.07.2025
Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
Load More
Next Post
Shiba Inu Burn Rate Turns Negative Despite Promising Developments

Shiba Inu Burn Rate Turns Negative Despite Promising Developments

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

FASB rules ‘eliminate the poor optics’ that shied firms from crypto: Analyst

FASB rules ‘eliminate the poor optics’ that shied firms from crypto: Analyst

2 years ago
Metaplanet Expands Bitcoin Holdings With $2.4 Million Purchase

Metaplanet Expands Bitcoin Holdings With $2.4 Million Purchase

1 year ago
William Clemente III tips Bitcoin will hit six figures toward end of 2024: Hall of Flame

William Clemente III tips Bitcoin will hit six figures toward end of 2024: Hall of Flame

2 years ago
3 reasons why Ethereum price is still pinned below $1,900

3 reasons why Ethereum price is still pinned below $1,900

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

$4B BTC in 4 weeks: How Bitcoin ETFs buy more than double the BTC mined

The PioneerHash Cloud Mining App, a Global Hit by 2025

Bitcoin hits $118.5k: All-time high could be next as rate-cut bets crush shorts

Crypto Exploits Plunge 22% — $127M Lost in September, Top Hacks Revealed

Bo Hines Sheds Light on GENIUS Stablecoin Project, Calls it “First Piece of the Puzzle”

Crypto Exchange Bullish Launches in 20 US States After Securing New York BitLicense

Trending

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher
All news

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

02.10.2025
0

Pump.fun’s native token has jumped 32% in the past 7 days, and technical indicators now point to...

CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

02.10.2025
From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

02.10.2025
$4B BTC in 4 weeks: How Bitcoin ETFs buy more than double the BTC mined

$4B BTC in 4 weeks: How Bitcoin ETFs buy more than double the BTC mined

02.10.2025
The PioneerHash Cloud Mining App, a Global Hit by 2025

The PioneerHash Cloud Mining App, a Global Hit by 2025

02.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz