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Ripple Partners With Nasdaq-listed Firm To Bolster Cross-Border Transactions
Summary: Ripple, the firm behind the third largest cryptocurrency XRP, has partnered with money remittance services firm International Money Express (Intermex), to bolster cross-border payments between the United States and Mexico. Ripple announced the new partnership on Feb. 5. Intermex is listed on the Nasdaq stock market with the stock quote IMXI. This partnership will allow Intermex to ...
Ripple, the firm behind the third largest cryptocurrency XRP, has partnered with money remittance services firm International Money Express (Intermex), to bolster cross-border payments between the United States and Mexico.
Ripple announced the new partnership on Feb. 5. Intermex is listed on the Nasdaq stock market with the stock quote IMXI. This partnership will allow Intermex to implement Ripple's On-Demand Liquidity (ODL) product through RippleNet, the company’s global payment network connecting financial institutions. RippleNet’s ODL depend on the digital asset XRP as a real-time bridge between the sending and receiving of currencies to allow for faster and cheaper cross-border transactions.
By Ramsey Baker
Tags: bolster,Cross Border,Mexico,Nasdaq,Ripple,U.S.,XRP
Link: Ripple Partners With Nasdaq-listed Firm To Bolster Cross-Border Transactions [Copy]
