Ripple Snags Ex Western Union Principal for XRP On Demand Liquidity Partner Intermex

MIAMI, Feb. 04, 2020 (GLOBE NEWSWIRE) — International Money Express, Inc. (NASDAQ: IMXI), a leading money remittance services company focused primarily on the Latin America and Caribbean corridor, announced today that it has partnered with Ripple, a provider of leading enterprise blockchain solutions for global payments. The partnership will enable Intermex to utilize Ripple’s On-Demand Liquidity (ODL) product, through RippleNet, the company’s global network of financial institutions that sends money globally, instantly and reliably for fractions of a penny.

ODL leverages the digital asset XRP as a real-time bridge between the sending and receiving currencies, and alleviates the need for pre-funding accounts in cross border payments. XRP remains the most efficient digital asset for settlement with transaction fees at just fractions of a penny.

Ex Western Union Principle, now CEO Bob Lisy commented, “We are pleased to have begun the partnership with the Ripple team, and look forward to implementing new solutions on RippleNet and ODL to help drive growth and deliver greater efficiency.”

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