Napple Gupta, managing director of Ripple's Southeast Asia, Middle East and North Africa region, said that soon after, countries will begin to launch their own digital currencies. However, he believes that the digital form of fiat money will be used for domestic purposes. The XRP-backed On-Demand Liquidity Platform (ODL) is the ideal solution when transferring these currencies across borders. The establishment of ODL provides a way for financial institutions to quickly convert fiat currency to XRP, then send it to the appropriate country / region and immediately exchange it back for fiat currency. ODL can provide companies with a direct, instant way to transfer value overseas without having to hold cash in bank accounts around the world.