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<ul>
 <li>Oceanus partners with Ripple, leveraging ODL for Odin Pay in Singapore.</li>
 <li>Digitizing trade finance with XRP, Oceanus moves $70 million in 6 months.</li>
 <li>MAS license obtained, Oceanus targets $1 billion GMV market.</li>
</ul>
<p>Oceanus, a <a href="https://ripple.com/insights/on-demand-liquidity-spans-worldwide/" target="_blank" rel="noopener noreferrer nofollow">Ripple</a> partner based in Singapore, is making waves with its payment platform, Odin Pay, powered by Ripple’s On-Demand Liquidity (ODL) and XRP. The company’s 2023 annual report sheds light on its performance in the first six months of operation, revealing a staggering $70 million moved through its platform. But what exactly is driving this momentum?</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f60e.png" alt="😎" class="wp-smiley" style="height: 1em; max-height: 1em;">Cool to see! <br>Oceanus is a <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ripple</a> partner in Singapore using ODL(<a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a>) for their payment platform, Odin Pay. Their '23 annual report puts some numbers to the first 6mo of operation, moving $70m. What's going on here?<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;">1/6<a href="https://t.co/fMIeuYJv6i" rel="noopener noreferrer nofollow">https://t.co/fMIeuYJv6i</a> <a href="https://t.co/RG46t5D2zo" rel="noopener noreferrer nofollow">pic.twitter.com/RG46t5D2zo</a></p>— WrathofKahneman (@WKahneman) <a href="https://twitter.com/WKahneman/status/1783950355925237810?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 26, 2024</a>
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<p>Primarily, <a href="https://oceanus.com.sg/wp-content/uploads/2024/04/Annual-Report-FY23.pdf" target="_blank" rel="noopener noreferrer nofollow">Oceanus</a> is focused on revolutionizing cross-border trade finance within the food shipping industry by digitizing trade documents and bills of lading. Leveraging XRP in their payment flow via ODL, Oceanus aims to streamline and expedite transactions in a sector traditionally plagued by sluggish processes.</p>
<p>The platform’s overview <a href="https://cryptonewsland.com/hsbc-announces-tokenized-securities-custody-service-in-partnership-with-ripple/" target="_blank" rel="noopener noreferrer nofollow">highlights its ambitious vision</a>, likening its impact to the “Ripple” of change and emphasizing the creation of a trade “flywheel” effect. With the platform now live, Oceanus is poised to disrupt the trade finance landscape.</p>
<p>Furthermore, Oceanus has integrated a finance platform to track payments, enhancing credit risk analysis and subsequently driving demand for cross-border payments. The question remains: is this <a href="https://cryptonewsland.com/pro-xrp-lawyer-highlights-ripples-legal-freedom-for-odl-transactions-outside-u-s/" target="_blank" rel="noopener noreferrer nofollow">platform fully integrated with ODL</a>, or merely pulling data? The answer could significantly impact ODL’s appeal as a solution.</p>
<p>Oceanus’s acquisition of a Monetary Authority of Singapore (MAS) license is another significant development, mirroring Ripple’s own licensing milestones as Odin Pay was launched. This regulatory approval positions Oceanus to tap into a lucrative market estimated at $1 billion in Gross Merchandise Value (GMV).</p>
<p>However, it’s worth noting that while Oceanus was once listed on Ripple’s site, it no longer appears—an intriguing observation that raises questions about Ripple’s selection criteria. Nonetheless, Oceanus’s early success as a Ripple/ODL-powered platform bodes well for its future endeavors.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/i-remit-advances-its-use-of-ripples-odl/" rel="noopener noreferrer nofollow">I-Remit Advances Its Use of Ripple’s ODL</a></li>
 <li><a href="https://cryptonewsland.com/ripple-extends-odl-benefits-to-france-and-sweden/" rel="noopener noreferrer nofollow">Ripple Extends ODL Benefits to France And Sweden</a></li>
 <li><a href="https://cryptonewsland.com/ripples-odl-and-xrp-powering-japans-sbi-remittance-revolution-in-asia/" rel="noopener noreferrer nofollow">Ripple’s ODL and XRP Powering Japan’s SBI Remittance Revolution in Asia</a></li>
 <li><a href="https://cryptonewsland.com/fomo-pay-to-utilize-ripples-on-demand-liquidity/" rel="noopener noreferrer nofollow">FOMO Pay to Utilize Ripple’s On-Demand Liquidity</a></li>
 <li><a href="https://cryptonewsland.com/pro-xrp-lawyer-highlights-ripples-legal-freedom-for-odl-transactions-outside-u-s/" rel="noopener noreferrer nofollow">Pro XRP Lawyer Highlights Ripple’s Legal Freedom for ODL Transactions Outside US</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/ripple-partner-oceanus-leverages-odl-solutions-for-odin-pay-in-singapore-elevating-blockchain-solutions/" rel="noopener noreferrer nofollow">Ripple Partner Oceanus Leverages ODL Solutions for Odin Pay in Singapore Elevating Blockchain Solutions</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Ripple Partner Oceanus Leverages ODL Solutions for Odin Pay in Singapore Elevating Blockchain Solutions

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