Freelance platform 500K strong, goLance, announces Ripple partnership

February 9, 2020
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Freelance marketplace goLance has recently announced that it has transitioned to XRP to run its platform payment system, which has hit a 500,000 user milestone worldwide.

The firm stated that it has officially rolled out Ripple’s XRP-powered cross-border payments platform, On-Demand Liquidity, to make payments to its users. 

goLance CEO Michael Brooks said:

I get on planes to places like the Philippines and meet these people face-to-face. That’s helped me see first-hand why freelancers are hyper-sensitive about the cost and time it takes to be paid. RippleNet’s On-Demand Liquidity gives us the ability to make hyper-efficient, low-cost payments that make our customers happy and drive growth for our business.

goLance became a member of RippleNet a few months back but did not clarify if the firm would leverage ODL. Brooks said that the cross-border payment product reduces costs for customers who used to rely on wire transfers earlier.

This new partnership of goLance with Ripple also allows the company to build relationships with banks and establish new payment corridors within a two-week timeframe. Earlier, this process used to take up at least six months. 

Read more here. 

February 9, 2020

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