Are you an XRP holder and wondered what boosted XRP of recent? Of course, it may be attributed to the new Ripple partnership with a UAE-based cryptocurrency exchange.

According to a Linkedin post by Punnoose Mathew, managing director of Dubai-based Joyalukkas Exchange, he has met with the Ripple employees Mark Johnson, William Cooley and Nick Taplin, as per his post;

“It was a great discussion on how Ripple could be a great enabler for money transfer entities to scale up for affordable cross-border payments, instant settlement, and continuous liquidity access with their On-Demand Liquidity using the XRP platform. We are excited to collaborate with you.”

Hitherto, the payment company Ripple is yet to confirm the partnership but as per Mathew’s statement, the Dubai crypto exchange will use XRP-based technology On-Demand Liquidity (ODL) to improve its cross-border payments. 

Joyalukkas Exchange is a UAE-based exchange that facilitates the sending and receiving of money to over 200,000 agent locations globally.

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