Ripple registered On-Demand Liquidity with UAE regulator to provide payments and financial P2P services
Based on a sharing from a Twitter account specializing in information surrounding Ripple, Wrathof Kahneman has shown the official registration of the Ripple On-Demand Liquidity (ODL) trademark with the government of UAE-Ministry of Economics- Commercial registration department to provide peer-to-peer financial data exchange services.
Ripple ODL trademark now being officially registered with the UAE Ministry of Economics
Source: Wrathof Kahneman/Twitter
According to the translation provided in the comments, Ripple’s On-Demand Liquidity trademark now being officially registered with the Commercial department of the UAE regulator to provide P2P financial data services.
The blockchain giant has registered ODL to provide electronic financial services related to fiat currency-related payments, as well as over-the-air fiat and digital currency exchange. It will also provide a cryptocurrency (presumably XRP) for exchange in a computer network and help verify payments and transfer them from sender to receiver.
According to the document, Ripple filed an ODL application with the UAE regulator in October 2020.
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