Category: MoneyGram

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10% of MoneyGram’s US-Mexico Remittance Runs on Ripple’s ODL

TheMerkle MoneyGram XPR Internal PilotThere are a lot of people with a keen interest in Ripple and XRP. It now appears that the company’s On-Demand Liquidity is making inroads in various payment corridors. After partnering multiple remittance providers, Ripple has been on the right track to improve its market position. The Growing Presense of ODL One of those big partners is MoneyGram. It has integrated On-Demand Liquidity quite some time ago. Further expanding upon this use is crucial for any company. It now appears that ODL is used in 5 major payment corridors. It is expected that 10% of MoneyGram’s US-Mexico corridor runs on

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Ripple Confirms ODL is Coming to Thailand and Australia

TheMerkle Vynos MicropaymentsThere are always developments in the crypto and financial industry to take note of. A new announcement by Ripple’s head of global operations will affect both industries at the same time. It has been rumored for some time how Ripple will expand the availability of its On-Demand Liquidity. Ripple Keeps Pushing Forward Particularly in Australasia, things can get very interesting in the near future.  Eric van Miltenburg has now officially confirmed that ODL will be coming to Australia and Thailand. Those are the same two locations that were rumored to be tapped into following the Swell conference. It is expected

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MoneyGram CEO Expects Blockchain to “Disrupt the Remittance Industry”

TheMerkle MoneyGram Ripple XRPIt 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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3 key Notes on the new Partnership Between Ripple and MoneyGram

TheMerkle Bankchain Ripple SettlementThings are bound to get very interesting where RIpple and XRP are concerned. The payments company has forged a strategic partnership with MoneyGram, a company already looking into using one of its technology products for cheaper and faster money transfers. This new partnership will have some interesting consequences and will undoubtedly get people talking about what all of this means in the long run. The Two-year Deal (Initially) When a strategic partnership is formed between different companies, most people tend to think this is an agreement with an indefinite closure date. That is far from the case where this particular

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