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He went on saying that the addition of Ria to Walmart2World will create a competitive platform for exchange rates to help deliver more value. At the same time, Alex Holmes, Chief Executive Officer of MoneyGram, explained that they have worked closely with Walmart for more than 20 years to offer innovative money transfer services for consumers in the United States. Furthermore, Holmes emphasised that consumers will have better services with better pricing and payout options.
He then stated that MoneyGram offers competitive foreign exchange rates that would certainly have a positive effect on Walmart. The On-Demand Liquidity services that Ripple is currently offering previously known as xRapid allows companies and clients to perform cheap and fast cross-border transactions. Holmes was upset because Ripple was not moving fast enough offering new corridors for the On-Demand Liquidity services.
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