Ripple-Backed MoneyGram Needs More XRP Buyers to Expand ODL Corridors, Says Alex Holmes

2019-12-18 12:06

In yesterday?s interview to CNN, the MoneyGram?s CEO Alex Holmes said that expanding Ripple?s ODL corridors is not so easy since it requires new local XRP buyers

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Ripple’s On-Demand Liquidity Accounts for 10% of MoneyGram Payments from the US and Mexico

Earlier in the summer of 2019, MoneyGram decided to implement xRapid, which is the On-Demand Liquidity product available through Ripple. Ripple had preceded the implementation by purchasing a large stake in MoneyGram, and recent comments by chief executive Alex Holmes reveal that remittances using ODL and XRP have already started being sent from Mexico. Of […]

2019-11-9 00:26


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Swell 2019: MoneyGram CEO Says 10% of Transactions Between Mexico and U.S. Use On-Demand Liquidity

In June 2019, MoneyGram, one of the world’s largest money transfer companies, announced its plans to implement On-Demand Liquidity (ODL) through RippleNet. Less than six months later, MoneyGram Chairman and CEO Alex Holmes announced on stage at Swell 2019 that the company is currently moving 10% of its transaction volume through ODL between the United … Continued The post Swell 2019: MoneyGram CEO Says 10% of Transactions Between Mexico and U.S. Use On-Demand Liquidity appeared first on Ripple.

2019-11-8 11:24


MoneyGram Wants to Launch XRP-Using ODL in More Markets and Aggressively, Ripple CEO Garlinghouse

During the 3rd annual DC Fintech Week, Ripple CEO Brad Garlinghouse joined to stage to talk about Ripple and XRP. In an interesting tidbit, he stated how Alex Holmes, the CEO of Ripple’s latest partner MoneyGram, called him two weeks ago complaining about Ripple not moving “fast enough.” He said, “He is upset with us […]

2019-10-24 15:30