International Money Express, Inc. Announces Partnership with Ripple
February 04 2020 - 3:15PM
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
Trouttel: 305-671-8056investors@intermexonline.com
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