Since the partnership with MoneyGram, is it not just a Ripple, but also to the commercial use of XRP. MoneyGram already uses the On-Demand Liquidity (formerly xRapid) of Ripple for a payment corridor to Mexico, and the XRP as a bridge currency is used. The volume of trade via MoneyGram has risen in the last quarter and the company now wants to go quickly to the next step. Brad Garlinghouse, the CEO of Ripple, has spoken at a conference on the partnership with MoneyGram and interesting Details to tell.
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Ripple is XRP for MoneyGram to slow
In an Interview at the Fintech Week 2019 Garlinghouse said that the CEO of MoneyGram, W. Alexander Holmes, would like to know how fast Ripple can expand its XRP-based payment solution called On-Demand Liquidity (ODL) to new corridors.
I have received two weeks ago, a call from the CEO of MoneyGram. And he is not mad at us, because we are fast enough. That was an incredible call.He wants us to introduce On-Demand Liquidity, formerly known as xRapid, faster and in more markets, because they make such good experiences with Mexico, they say: “look, we want to spread faster and more aggressive.”
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Ripple plans to open more XRP payment corridors
Ripple has already been suggested in the past that it wants to open up his XRP payment corridors to Argentina, Brazil, and a number of countries in the Asia-pazisischen room.Garlinghouse said that the company will build additional corridors, if you can be sure that regulators and Market makers on Board.
We will open any new markets until we have turned the regulatory authorities in these markets. We know that the exchanges on the other hand, are robust and compliant, and all the things associated with it.
Ripple has renamed xRapid in On-Demand Liquidity at the beginning of this month. The company says that the Change is part of an overall strategy, which aims to focus on the presence of Ripple as a payment network. Currently it runs very good for Ripple and the use of XRP.Get with the latest Ripple price Chart analysis to Trading or buying XRP directly on eToro.75 % of private CFD accounts lose money. No EU investor protection.Is MoneyGram will help not only Ripple but also the XRP price? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. (Image Source: Shutterstock)