MoneyGram uses Ripple cross-border payment solution ODL in five global payment channels

According to FXStreet, MoneyGram is currently using Ripple's cross-border payment solution ODL in five global payment channels. At the Ripple webinar, Asheesh Birla, Ripple's senior vice president of product management, talked about the progress that Ripple and its corporate partners are making. "Bitso transferred $ 18 million in remittances through XRP in the last few weeks of December, and this number is growing at a rate of 15% -20% every week." MoneyGram now has five channels using ODL, and its largest channel is the US 10% of Mexico's channels (remittances) are turning to XRP and ODL. According to Ginger Baker, senior director of products at Ripple, XRP-based ODL is currently used simultaneously with the US dollar, the euro, the Mexican peso, the Philippine peso, and the Australian dollar. Ripple has increased the Australian dollar towards the end of 2019.