Connect with us

Blockchain

International Money Express, Inc. Announces Partnership with Ripple

GlobeNewswire

Published

on

Reading Time: < 1 minute

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.

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.”

About International Money Express, Inc.
At International Money Express, Inc. (NASDAQ: IMXI), the customer is at the center of everything we do. We use proprietary technology that enables consumers to send money primarily from the United States to 17 countries in Latin America and the Caribbean, including Mexico and Guatemala, and four countries in Africa. We offer the electronic movement of money to our customers through our network of sending and paying agents and company-operated stores located in all 50 states, the District of Columbia and Puerto Rico, and throughout Latin America and the Caribbean. Our services are also available digitally through intermexonline.com. We were founded in 1994 and are headquartered in Miami, Florida with offices in Puebla, Mexico, and Guatemala City, Guatemala.

Investor Relations:
Sloan Bohlen, Solebury Trout
tel: 305-671-8056
investors@intermexonline.com

 

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Advertisement
Comments

Font Resizer

Advertisement
Advertisement

Subscribe to PICANTE via Email

Enter your email address to subscribe to PICANTE and receive notifications of new posts by email.

Follow us on Facebook

Business Wire38 mins ago

Fusionex Recognized as Key Global Leader of Big Data Solutions in Exclusive MarketsandMarkets’ 2020 Research Report

Business Wire38 mins ago

Export Potential of ASEAN LDCs Found in New Forms of Trade, Says ASEAN-Japan Centre

Business Wire3 hours ago

Corporate Online Language Learning Market in Europe 2020-2024 | Growing Implementation of Language Cloud Services to Boost Market Growth | Technavio

Business Wire3 hours ago

NOTICE TO AMERIPRISE FINANCIAL CUSTOMERS WITH MARGIN ACCOUNTS: KlaymanToskes Commences Investigation into Damages Sustained by Investors Who were Forced to Sell Securities Due to Margin Calls

Business Wire3 hours ago

NOTICE TO MORGAN STANLEY CUSTOMERS WITH MARGIN ACCOUNTS: KlaymanToskes Commences Investigation into Damages Sustained by Investors Who were Forced to Sell Securities Due to Margin Calls

Business Wire3 hours ago

NOTICE TO GOLDMAN SACHS CUSTOMERS WITH MARGIN ACCOUNTS: KlaymanToskes Commences Investigation Into Damages Sustained by Investors Who Were Forced to Sell Securities Due to Margin Calls

Business Wire3 hours ago

Prime Healthcare to Acquire Verity Health System’s St. Francis Medical Center

Business Wire3 hours ago

NOTICE TO JANNEY MONTGOMERY SCOTT CUSTOMERS WITH MARGIN ACCOUNTS: KlaymanToskes Commences Investigation into Damages Sustained by Investors Who were Forced to Sell Securities Due to Margin Calls

Business Wire3 hours ago

NOTICE TO STIFEL NICOLAUS CUSTOMERS WITH MARGIN ACCOUNTS: KlaymanToskes Commences Investigation Into Damages Sustained by Investors Who Were Forced to Sell Securities Due to Margin Calls

Business Wire4 hours ago

NOTICE TO RAYMOND JAMES FINANCIAL CUSTOMERS WITH MARGIN ACCOUNTS: KlaymanToskes Commences Investigation into Damages Sustained by Investors Who were Forced to Sell Securities Due to Margin Calls

Follow our Tweets

Trending

Please turn AdBlock off