Share this article
Intermex Partners With Ripple for XRP-Based Remittance Corridor
Intermex has said it will use use RippleNet for its U.S.-Mexican remittance corridor.
By Paddy Baker
Updated May 9, 2023, 3:05 a.m. Published Feb 5, 2020, 11:35 a.m.
Ripple's technology will form the basis of a new XRP-based remittance service from International Money Express (Intermex).
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Ripple announced Tuesday it is partnering with Intermex, which will leverage RippleNet – a network of institutional payment providers using Ripple's several payments solutions – to develop "faster, transparent cross-border remittance services" between the U.S. and Mexico.
The new partnership is expected to reduce settlement time and cut some of the costs. It will also give Intermex access to Ripple's On-Demand Liquidity (ODL) service, which uses XRP as a real-time bridge between sending and receiving currencies, speeding up settlement times and lowering costs to "fractions of a penny."
It's unclear when Intermex will put the RippleNet integration into production mode. CEO Bob Lisey said the firm is looking forward to "implementing new solutions on RippleNet and ODL to help drive growth and deliver greater efficiency.”
The U.S.-Mexico remittance corridor is the largest in the region, and one of the largest in the world. Mexico received more than $36 billion in remittances in 2019, mainly coming from the U.S. Intermex processes more than 30 million transactions a year from over 100,000 locations in this corridor, according to the announcement.
MoneyGram, which piloted XRP at the beginning of 2018, announced in November it would expand its ODL service into more of its remittance corridors. The firm's CEO, Alex Holmes, announced at Ripple's 2019 Swell Conference that more than 10 percent of remittances from its U.S.-Mexican corridor had been processed using ODL.
The same month, Ripple completed its acquisition of a $50 million equity stake in MoneyGram.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Anchorage Digital Buys Securitize’s RIA Platform to Expand Wealth Management Business
The bank has bought the Securitize For Advisors unit, bringing the RIA-focused crypto wealth management platform in-house.
What to know:
- Anchorage Digital acquired Securitize For Advisors (SFA), a crypto platform for RIAs.
- The deal consolidates an existing custody relationship, with 99% of SFA assets held at Anchorage.
- Securitize will refocus on tokenization as Anchorage expands its wealth management offering.
Top Stories
