A few days ago, Ripple purchased Algrim, a platform located in Iceland that specializes in digital trade and has highly skilled developers. The crypto behemoth hired its staff for its new ambitious project that would directly utilize XRP.
Our new team in Iceland will play an integral role in the ongoing development of On-Demand Liquidity, which utilizes the digital asset #XRP for production cross-border payments. https://t.co/suIyB4PVs4 pic.twitter.com/uQsR19FvA5— Ripple (@Ripple) October 3, 2019
A new XRP-based project
The new team will be engaged in building its new product dubbed On-Demand Liquidity (ODL).
The new product is going to utilize XRP for instant international payments.
As reported by U.Today recently, Ripple has updated its website and removed all links to its products – xCurrent, xRapid and xVia.
However, on the xRapid page there is now information about On-Demand Liquidity and a quote from Ripple’s partner MoneyGram about the usage of ODL. This made many believe that Ripple is conducting major rebranding, changing the name of xRapid to On-Demand-Liquidity.
Also, recently, Ripple bought the payment operator Logos, aiming to build the Internet of Value together with it.