Ripple has announced a massive expansion plan for 2020, which will cover the Asian Pacific region, Europe, The Middle East, Africa, and Latin America. Where isn’t Ripple going to be? I am sure Moneygram will be playing a massive role in all of this.
ODL first launched offering payment corridors in Mexico and the Philippines. Corridors have since expanded to Australia, with Brazil coming soon. Plans for additional corridors across APAC, EMEA and LATAM are in progress for 2020.
As of now, we are looking at 3 corridors being live:
We have a 4th opening up by the end of the year – Brazil.
Now let’s examine the 3 regions of the world that Ripple has told us they will be expanding to.
Ripple is expanding to cover the entire globe as seen from these 3 regions of the world. 2020 is lining up to be a massive year if there are no delays.
APAC (Asia Pacific) includes 28 different countries:
China Hong Kong Macau
Wallis and Futuna
Australia Christmas Island Cocos (Keeling) Islands Norfolk Island
New Zealand Cook Islands Niue Tokelau
Papua New Guinea
Federated States of Micronesia
Northern Mariana Islands
British Indian Ocean Territory
EMEA is a shorthand designation meaning Europe, the Middle East and Africa. This list is massive so we are going to sum it up. This region includes all of the countries found on the continents of Africa and Europe, as well as the countries that make up the Middle East.
Finally, we have LATAM. As you may have guessed LATAM refers to Latin America. Latin America has 20 sovereign states and several territories, comprising nearly 13% of the Earth’s total land surface area.