<span style="font-weight: 400">MoneyGram has plans underway to expand its cross border offering based on its XRP-based solution. According to Ripple CEO Brad Garlinghouse, Moneygram will improve the efficiency of its XRP network. Especially, the speed and real scenario use cases. The <a href="https://www.cryptoknowmics.com/crypto/the-bank-of-america-is-adopting-ripple/">payment giant</a> believes it can implement the Ripple network to extend its services to new countries. </span>
<h2>On-Demand Liquidity</h2>
<span style="font-weight: 400">While addressing the Fintech week 2019, Brad revealed that Alexander Holmes, Moneygram CEO, reached out to Ripple’s services to grow faster and wider. Moreover, Brad highlighted that Moneygram’s success on the utilization of Ripple’s On-Demand Liquidity; Alexander Holmes wanted to expand the option;  to further places where the payment system’s services are already working.</span>

<i><span style="font-weight: 400">He wants us to launch On-Demand Liquidity, formerly known as xRapid, in more markets more quickly because they’re having such a good experience with Mexico that they’re like, ‘Look, we want to spread this more quickly, more aggressively.”</span></i>

<span style="font-weight: 400">However, Brad did not hesitate to describe the project as challenging, despite being an amazing step forward. It is worth noting that </span><a href="https://thexrpdaily.com/2019/10/22/xrp-on-demand-liquidity-is-booming-at-this-rate-we-should-see-further-dramatic-increases/"><span style="font-weight: 400">On-Demand Liquidity</span></a><span style="font-weight: 400"> facilitates financial institutions and banks to implement beneficial levels of liquidity. As a result, streamlining cross-border transactions and payments.   Hence, banks in several countries can send fiat to each other; and convert it to the recipient nation’s official currency. The money transfer is executed via XRP.</span>
<h2><span style="font-weight: 400">Moneygram XRP and Conversion Rates</span></h2>
<span style="font-weight: 400">Meanwhile, Ripple will have to leverage efficiency with authorities and regulators in both countries for the service to work smoothly. As early as before the feature of the platform has been floated to the jurisdiction. </span>

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MoneyGram is Expanding XRP Solutions for its Cross Border Offerings

MoneyGram has plans underway to expand its cross border offering on the basis of its XRP-based solution. According Ripple CEO Brad Garlinghous...

Richard is a versatile fintech analyst with a deep understanding of blockchain domains. As much as technology fascinates him, he finds the intersection of both technology and finance mind-blowing. The firm belief that fintech will drive the future has brought him to the crossroads of Fintech discoveries and transmission of immutable data to a wider audience.

MoneyGram is Expanding XRP Solutions for its Cross Border Offerings

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