Bitstamp Adds Fiat Support via Ripple-powered Product | News

Bitcoin exchange Bitstamp based in Luxembourg is moving one step further to the simplicity by adding support for the fiat deposits via Ripple-powered technology.

The exchange customers from now on are able to instantly replenish their accounts with the U.S. dollars thanks to the Australian company FlashFX that opened a new payment corridor in the Ripple On-Demand Liquidity (ODL) system, which uses the XRP token for transactions.

ODL allows converting Australian dollars to the U.S. dollars, which is afterward sent to a Bitstamp user account through an address in the Ripple system.

FlashFX CEO Nicolas Steiger said:

“As one of the earliest adopters of Ripple’s On-Demand Liquidity, we’ve seen the benefits firsthand of the product and its potential to not only dramatically improve…

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