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MoneyGram Takes Wait-and-See Approach as SEC Sues Partner Ripple
Summary: MoneyGram has yet to see any “negative impact” on its longstanding business arrangement with Ripple from the U.S. Securities and Exchange Commission (SEC)’s lawsuit against the latter company, as reported by coindesk. “MoneyGram will continue to monitor the situation as it evolves,” a company spokesperson told CoinDesk in an emailed statement. The SEC alleged in ...
MoneyGram has yet to see any “negative impact” on its longstanding business arrangement with Ripple from the U.S. Securities and Exchange Commission (SEC)’s lawsuit against the latter company, as reported by coindesk. “MoneyGram will continue to monitor the situation as it evolves,” a company spokesperson told CoinDesk in an emailed statement. The SEC alleged in a case filed Tuesday that Ripple used XRP, the cryptocurrency two of its founders created, to conduct an ongoing, $1.3 billion sale of unregistered securities.Ripple owns more than 4% of MoneyGram and paid MoneyGram $9.3 million in the third quarter of this year for providing liquidity for Ripple’s XRP-based cross-border settlement network.
By Amy Liu
Tags: MoneyGram,Ripple,SEC
Link: MoneyGram Takes Wait-and-See Approach as SEC Sues Partner Ripple [Copy]
