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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 States and Mexican borders and planned to expand into four more corridors by the end of this year. In conversation with our CEO Brad Garlinghouse, Holmes shared his thoughts on the current remittance industry...

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Published By: Ripple - 08-11-2019