Tag Archives: ripple remittance

Ripple’s XRP is not suitable for Mexican remittances, but it might be a good solution in the African market where Intermex has recently expanded. In February, we reported about Ripple‘s collaboration with Intermex (International Money Express, Inc), provider of remittance services to Latin America and the Caribbean corridor. Within the partnership, Intermex was to use Ripple’s On-Demand Liquidity (ODL) through RippleNet and “enable faster cross-border payments between the U.S. and Mexico.”...

In 2019, MoneyGram has received $11.3 million worth of XRP, $8.9 million in the fourth quarter only. In 2020, this number seems to be increased.Recently, money transfer company MoneyGram has released its 2019 annual report. According to MoneyGram, it has sold $11.3 million worth of XRP received as a result of its commercial partnership with Ripple.As MoneyGram has revealed in its filing to the SEC, its loss in the fourth quarter of 2019 has totaled $11.9 million. However, the company assured...