International Money Exchange (Intermex), one of the world’s leading remittance companies, has announced that it will not be using Ripple and XRP for Mexico or its other core markets. This position comes as a surprise, as earlier this year the company embraced Ripple as a partner.
RIPPLE AND XRP MAY BE USED IN OTHER MARKETS
Executives for Intermex made the announcement on a conference call in response to a question about how the partnership with Ripple and its native XRP token would be utilized moving forward.
Tony Lauro, Chief Financial Officer, stated:
We’re looking at Ripple for a couple of other products which I think we mentioned in the press release. The first of which is RippleNet which, as you know, is their hub connecting financial institutions together which will enable us to onboard new players faster than we would if…
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