MoneyGram plans to expand its partnership with Ripple

According to The Daily Hodl, MoneyGram plans to expand its partnership with Ripple and use its XRP-based cross-border payment solution to enter the new corridor before the end of the year. At the MoneyGram 2019 Third Quarter Earnings Conference Call, CEO Alex Holmes announced plans to expand Ripple's on-demand liquidity (ODL, formerly known as xRapid) to the new corridor by the end of the year. It is said that its innovative cooperation with Ripple is “making progress”. This partnership is used to execute the foreign exchange transactions of MoneyGram around the clock. Ripple's ODL solution will be added to meet Mexico's daily funding needs and will be extended to new corridors using RippleNet and ODL.