• That XRP logo is moving very fast (via Shutterstock).
    Ripple,  Technology

    Ripple, Intermex pen Mexican remittances deal

    International Money Express will use the blockchain payments company’s XRP-powered On-Demand Liquidity service to cut costs and reduce wait times

    In an announcement Tuesday, Ripple said that its technology will be used for a new XRP-based remittance service from Intermex, a money remittance services company focused primarily on the Latin America and Caribbean corridor.

  • MoneyGram suspends RippleNet
    XRP

    MoneyGram confirms massive XRP use in Mexican peso transactions

    The money transfer service’s partnership with liquidity provider RippleNet now accounts for 10% of its Mexican business, and is set to go global

    The head of MoneyGram confirmed today that the global money transfer company has been using XRP cryptocurrency to exchange U.S. dollars and Mexican pesos extensively since July.

  • That XRP logo is moving very fast (via Shutterstock).
    Ripple,  XRP

    Ripple and MoneyGram announce deal

    The partnership can cut the cost of remittances from as much as $30 to fractions of a cent

    Ripple has announced a partnership that will bring blockchain technology to MoneyGram, a leading global money transfer firm that operates in more than 200 countries. As part of the deal, Ripple has committed $50 million to MoneyGram, which it can draw on in exchange for equity over the life of the two-year deal.