From the Intermex Earnings Call:
Hey, Mike. It’s Tony. We’re looking at Ripple for a couple of other products which I think we mentioned in the press release. The first of which is RippleNet which, as you know, is their hub connecting financial institutions together which will enable us to onboard new payers faster than we would if we were doing direct connections to each one.
So that has more applicability for us outside of Mexico, where we’re building out our network into other corridors. But the other would be on-demand liquidity, I think that might be more of what you’re talking about, where we can use XRP as kind of a pivot currency to swap U.S. dollars for pesos, 24/7. And it’s early days, but we would expect to be testing that later this year.
And to the extent that it is viable, either from a rate perspective or a capital efficiency perspective, we’ll expand it. But it’s too early to say how much we intend to do.
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