Ripple: goLance used ODL & new MoneyGram Partner
The Freelancer marketplace goLance explained that he used XRP, in order to allow the payments in its network of more than 500,000 users worldwide.
The company announced that it is officially the XRP-based cross-border payment platform Ripple, On-Demand Liquidity, has introduced, in order to pay its users as it is to say in an announcement. goLance-CEO Michael Brooks said:
I get in airplanes to places such as the Philippines and meet these people face-to-face. This has helped me to see first-Hand why a freelancer in terms of the cost and the time required for payment, are allergic. The On-Demand Liquidity solution of RippleNet gives us the opportunity to make highly efficient and cost-effective payments, the of our customers happy and grow our business forward.
GoLance was this summer, a member of the RippleNet, where it initially remained unclear whether the company would benefit from ODL. Brooks says, the product for cross-border payments-lowering the cost for customers who were previously dependent on Remittances. The partnership of GoLance with Ripple allows the company, within a two week time frame of the new banks to build up and create a new payment corridors. Previously, the process took at least six months. Brooks says he hoped to create a new payment corridors in places that were previously difficult to access.
“@Ripple does all the hard work to open up challenging corridors so we can provide faster, cheaper #payments that help #freelancers provide for their families, deliver for their #clients and grow their #businesses as we grow ours,” says CEO Michael Brooks. https://t.co/vLjLpUNvgB
— goLance (@goLanceInc) January 29, 2020
Furthermore, Brooks said:
Our task is to ensure that the people can buy food. Therefore, we have opted for a stable, utility-based digital system such as XRP. We could use Bitcoin, but its value is too volatile, and the receiver has the additional step, it is converted into its Fiat currency. If there is a Problem, I can’t call Bitcoin. Ripple is a service provider. I have visited their offices around the world and work with their Teams to make our payments faster and more efficiently.
Ripple partners MoneyGram expands in Ukraine
It was also announced that has Ripple partners MoneyGram sealed a new partnership to its payment traffic to extend services to the Ukraine, a country that is supposedly the largest recipient of Remittances in Europe and Central Asia. MoneyGram is working with the Ukrainian Bank, industrial Bank, its account Deposit service to the country extend, it said in a press release.
The Chairman and Chief Executive Officer of MoneyGram, Alex Holmes said the recent partnership that this reflects the company’s commitment to improve its Service in key market areas and to extend, oppose:
While the company has evolved to meet the changing needs of consumers around the world, we focus on the acceleration of digital growth through the expansion of possibilities of the account Deposit to new markets.
Our new partnership with the industrial Bank in Ukraine is one of several recently signed partnerships, our ongoing strategic investments to improve and expand our Service in the main receiving markets under stress.
The MoneyGram account Deposit service allows the beneficiaries to transfer the amount transferred on the same day on your account, if the Transfer within the Ukrainian business hours, otherwise on the next business day without any fees and low, fixed exchange rates. The MoneyGram account Deposit service is already available in 400 banks worldwide, so that customers can make the Transfer simply by entering the necessary sender and recipient information at the point of sale and then the Option for the Bank Deposit to select.
According to the world Bank, Ukraine received in the year of 2018, a record high of 14 billion dollars in Remittances, which corresponds to a value increase of 17% compared to the value of 2017. The Ukraine is also the largest recipient of Remittances in Europe and Central Asia, thanks to the revised methodology for the calculation of the incoming credit Transfers and the increase in the demand for migrant workers in neighbouring countries.
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