Ripple-based payments app MoneyTap is meant to tackle the high cost of interbank money transfers in Japan. It also enables 24-hour payments, as these are limited to traditional bankers’ hours in Japan.
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Ripple CEO Brad Garlinghouse says he is more interested in XRP's liquidity than in its price (Photo: Ripple)What’s up with Ripple?
The international financial transactions business has been up and running for years, yet it still gets a lot of flak for its influence over the third-largest cryptocurrency, XRP
Ripple has the distinction of being one of the largest companies in the cryptocurrency and blockchain business that is up and running and working with hundreds of customers, including a couple of major banks. Yet for all those achievements, it is among the most controversial companies in DeFi, with a host of critics.
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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.
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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.
