Ripple tweeted:  “On-Demand Liquidity is amazing. The transaction happens instantly, is much more cost-effective and you know exactly when the recipient receives it. – Bitso’s Head of Finance, Barbara Gonzalez Briseño“

Barbara Gonzalez Briseño stated that Bitso is one of the largest exchange in Latin America. We have the largest liquidity in Mexican Pesos.  Bitso are MoneyGram’s key exchange partner for remittances into Mexico.

Ripple XRP Waiting For Remittances

She recalled how it would feel like a hassle every time, they had to pay a global supplier.  She stated that to set up the transfer, they had to complete a form and sign it to again send it to the bank and further wait for many days to purchase the dollars, which are required to make the payment. She further stated that she was not sure about the stage of the payment process was and that she did not know when the supplier would receive the money. These were her major experiences that she states was her experience as a corporate customer. Further, she stated that it was an even bigger problem for retail customers who were waiting for remittances from relatives working abroad.

Sydney Ifergan, the Crypto Expert tweeted:  “Ripple XRP has already made its way to the corporate world and they are already indispensable for them. Many already love the instant value made possible by Ripple XRP ODL. They run a great show with ODL.”    

By making use of RippleNet’s On-Demand Liquidity (ODL) service, the company was able to convert U.S. Dollars into a digital asset XRP, then further send the XRP via Bitso’s banking partners eventually getting it exchanged for Mexican pesos in less than a minute.

Ripple XRP Everyone To Follow The Rules Otherwise Fork

David Schwartz recently stated, it is not possible for anyone to create more tokens due to some safeties in the software. As the program prevents further issuance.  About 60% of the total circulating supply of XRP of the 100 billion tokens is locked in the Ripple Escrow Wallet. If the rules should be changed, there will be a hard fork.  Therefore, those of them who agree to the change should update their code.

David Schwartz stated, “If the rules change, people have to run software with new rules.”   Being a decentralized network, it is important for everyone to follow the rules.

Previously, some of the folks were planning to create a fork called Ripple One; however, it did not work out to become real.