RATE Group | MoneyGram CEO on Ripple: 10% of Mexico-US Transactions Leverage XRP
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MoneyGram CEO on Ripple: 10% of Mexico-US Transactions Leverage XRP

09 Nov MoneyGram CEO on Ripple: 10% of Mexico-US Transactions Leverage XRP

Posted at 04:01h in Ethereum News by

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MoneyGram Is Leveraging XRP

Earlier this year, Ripple made an announcement that shocked the XRP and broader crypto world: that it had partnered with MoneyGram, one of the world’s most prominent money transfer firms. The announcement, made in June, revealed that Ripple will become MoneyGram’s primary partner for cross-border payment and forex settlement through the medium of digital assets.

It wasn’t clear how MoneyGram was doing in leveraging XRP, until recently anyway. According to a blog post from Ripple,  the money transfer’s chief executive, Alex Holmes, announced “on stage at Swell 2019 that the company is currently moving 10% of its transaction volume through On-Demand Liquidity (ODL) between the United States and Mexican borders and planned to expand into four more corridors by the end of this year.”

In a discussion on stage at Swell, an event focused on all things Ripple, Holmes added that his company has much love for Ripple’s ODL solution:

“What I love about…

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