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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