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moneygram ceo says ripple and xrp could truly transform global payments

MoneyGram CEO Says Ripple and XRP Could ‘Truly Transform’ Global Payments

18th Dec 2019

MoneyGram CEO Alexander Holmes is offering new insight on the company’s partnership with Ripple. The two companies teamed up in June, with Ripple buying a $50-million stake in the payments giant. MoneyGram is now using Ripple’s XRP-based On-Demand Liquidity (ODL) to move 10% of its daily transaction volume between the US and Mexico, and is exploring ODL’s potential in Asia and Australia. In a new interview with CNN, Holmes says he now believes Ripple, XRP and blockchain technology at large have the potential to transform the payments industry.

Source: Dailyhodl:
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