Ripple has partnered with one of the main European money transfer services and will use the XRP token

The San Francisco-based blockchain startup, Ripple, has joined forces with the London-based Azimo remittance service.

As part of its partnership, Azimo will open a liquidity on demand (ODL) broker to the Philippines with XRP as a bridge currency.

Brad Garlinghouse, the CEO of Ripple, often mentions that only those digital assets that actual use cases will survive during their interview. His main topic of conversation is that XRP strives to solve a real-life problem.

The recent link with Azimo demonstrates that XRP is more than a speculative asset that enriched the founders of Ripple Labs. Richard Ambrose, the CEO of Azimo, has revealed that the ODL solution has already helped them reduce the cost of money transfers between Europe and the Philippines by almost 50 percent.

"The Ripple ODL solution has significantly reduced the cost and delivery time of cross-border transfers, and our customers are seeing the benefits."

Ripple will pay Azimo to use its product to cover infrastructure expenses. As previously, MoneyGram also received $ 8.9 million in the fourth quarter to use the Ripple ODL.

Ripple has obtained a good number of new partners so far this year

Today, Ripple also made an announcement about agreements with three new remittance companies in South Korea to improve the local cross-border payment industry. However, they will not use ODL.

Meanwhile, Azimo joins the growing list of RippleNet members (such as FlashFX, goLance and MoneyGram) that already rely on the XRP-based payment solution to make transfers.

The Ripple entry has been associated with one of the main European money transfer services and will use the XRP token first published in Crypto Report.