W.Alexander Holmes, the CEO and Chairman of MoneyGram, one among the biggest money transfer entities in the world, is all set to divulge valuable insights on the impacts that blockchain technology and digital assets have brought to the world at the Swell 2019 edition. Ripple shared the update through an official blog post on its website yesterday, on October 16, 2019.
The Swell 2019 is held in Singapore on November 7 and 8. The invite-only consumer event is hosted by Ripple to bring together the most trusted professionals in the world across the domains of financial services, technology, payments, and policy for sharing and discussing the latest happenings, trends, and their importance in the global payments arena.
Furthermore, the post disclosed that Holmes would be seen sharing his experience in driving the transformation across MoneyGram and discussing the future of the wider payments industry as a whole. It’s vital to note that MoneyGram has been at the forefront in embracing the emerging technologies like blockchain and forming strategic collaborations. The goal is to improve the experience of cross-border payments.
Under the leadership of Holmes, MoneyGram continues to play a key role in facilitating more economic opportunities, particularly to the emerging markets. The company has also witnessed service expansions to Mexico, as well as the Philippines, where there are costly remittance transfers along with pain points present in international payments that are equally experienced by financial institutions and consumers.
MoneyGram CEO has done commendable work in streamlining the firm’s operations and allowing frictionless international payments. His work can make up for an illuminating model for firms wanting to offer similar consumer experience, per the post.
MoneyGram and Ripple entered into a partnership in June this year to let the former increase its operational efficiency and streamline its cross-border liquidity management through RippleNet’s ODL (On-Demand Liquidity).