Thomas McLeod – co-founder and CEO of rental service company Omni – recently stated that he is working with Ripple and its native token XRP to bring liquidity to his clients as well as improve the sharing economy. He said:
“By enabling XRP cash outs, we’re aiming to lower the barrier to entry for crypto-curious consumers and also reduce the risk because you still own the asset.”
Omni is a US-based physical storage and online rental service provider, with operations in Portland and San Francisco. It has built an on-demand storage business, where users can get things picked up from their places. Users can also earn cash by renting out your products such as bicycle and equipment to others. You will split the revenue with the company 50/50. You can cash out your money to your Ripple (XRP) wallet. Therefore, Omni is the only platform that allows people to earn Ripple (XRP) without a crypto exchange.
Recently, McLeod also told Ripple that his company’s goal is to “connect the world through things.”
“So there’s a world in which everything that you have you should be able to connect with other people and other people should be able to use those things as well. So if you have a bike and you’re not using it, someone else can use it when you’re not using it. And now you also make money on top of that,” McLeod stated.
The CEO of Omni compared the storage and rental company to a bank which holds assets. He also explained how Omni benefits from Ripple (XRP). He states,
“It became very clear that this could be a great tool for both providing vast, rapid liquidity for sort of cashing out the capital that you make through the rental side as well as in the future connecting individuals quickly with those assets.”