Ripple’s XRP-Powered Cross-Border Payment Product Sees 800% Growth Despite Ongoing SEC Lawsuit

Ripple’s XRP-powered, cross-border payment product has seen massive growth in volume year-on-year (YoY) despite the company’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). In the second quarter of 2022, the payment product called On-Demand Liquidity (ODL) had a 9x growth in volume YoY, according to a new market report from Ripple.