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Ripple announcing new Aussie - SEA ODL corridor


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What about the timing?  

New corridor spotted. Malaysia truly Asia:  

"Live now, Novatti expects to process several thousand transactions a month through RippleNet and is planning to quickly scale the service to more fintech customers and other countries in Southeast As

"Live now, Novatti expects to process several thousand transactions a month through RippleNet and is planning to quickly scale the service to more fintech customers and other countries in Southeast Asia. 

ODL allows Novatti and its fintech customers to deliver on this promise because it enables instant cross-border payments without the need for pre-funding. Before ODL, remittance providers would need to hold pre-funded accounts on each side of a transaction in that country’s local currency. 

Those accounts tie up capital all over the world, adding expense to every transaction. And even with these accounts to facilitate payments, transactions can still take days to fully settle without any visibility into the status of the payment. 

Using XRP, a digital asset built for payments, ODL can instantly bridge currencies, eliminating the need for pre-funded accounts. This unlocks capital and reduces operational costs, savings that can be passed on to customers and put to use in more effective ways"

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