It is evident the current remittance industry is prone to disruption. Whether it is due to decentralized ledgers or cryptocurrencies, there is plenty of room for improvement. MoneyGram CEO Alexander Holmes is quite pleased with the improvements Ripple has offered to his company. He now firmly believes blockchain technology will change the remittance market for good. A Booming Industry Suffers Stagnation Recent statistics by World Bank confirm nearly $700bn was remitted globally throughout 2018. That in itself tells many different tales. First of all, people continue to send money around the world through traditional payment providers. Secondly, while the fees
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