Ripple-Backed MoneyGram CEO on XRP: We're Able to Settle Billions of USD in Seconds via ODL

During the Ripple’s Swell event in Singapore, the head of MoneyGram stated that 10% of all operations between the US and Mexico are running on On-Demand Liquidity and XRP

Back in summer this year, one of the world’s largest remittance operators MoneyGram started implementing the Ripple-developed On-Demand Liquidity (ODL) product formerly known as xRapid.


Prior to that Ripple had bought a large stake at MoneyGram and now at the annual Swell conference the chief executive Alex Holmes says that as they have started to send remittances to Mexico using ODL and XRP, they are already doing 10 percent of all remittance transactions on this Ripple’s product. Read More...

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