Moneygram Halts Using Ripple Due to SEC Lawsuit Over XRP Cryptocurrency – Regulation Bitcoin News

Moneygram has announced that it has suspended using Ripple’s platform due to the lawsuit against Ripple Labs and its executives by the U.S. Securities and Exchange Commission (SEC). Last year, the company earned $50.2 million from Ripple for using the platform. Moneygram Stops Using Ripple’s Platform Moneygram International announced Monday that it has suspended trading … Read more

MoneyGram Suspends Trading on Ripple’s Platform, Citing SEC Lawsuit | CoinCodex

Key highlights: Remittances firm MoneyGram says it has suspended its use of Ripple’s platform MoneyGram cited the uncertainty caused by the U.S. SEC’s lawsuit against Ripple The SEC is alleging that XRP is a security issued by Ripple MoneyGram suspends use of Ripple’s platform due to the SEC lawsuit alleging XRP is a security Remittances … Read more

MoneyGram Suspends Trading on Ripple’s Platform, XRP Price Slumps 15%

Money transfer giant MoneyGram is suspending its partnership deal with Ripple, following the ongoing legal battle between the latter and the US Securities and Exchange Commission (SEC). MoneyGram announced the news of the suspension in its Q4 and full-year 2020 financial results published on Monday (Feb. 22, 2021). As part of its Q1 2021 outlook, … Read more

MoneyGram suspends trading on Ripple, citing SEC lawsuit

Global money transfer service MoneyGram says it has changed its relationship with blockchain payments firm Ripple amid the latter’s litigation with the Securities and Exchange Commission. According to MoneyGram’s quarterly outlook, the company is “not planning for any benefit from Ripple market development fees” for the first quarter of 2021. MoneyGram said it had a more … Read more

MoneyGram suspends Ripple partnership, citing SEC lawsuit

International cash switch service MoneyGram says it has formally suspended its partnership with blockchain funds agency Ripple amid the latter’s litigation with the SEC. In keeping with MoneyGram’s quarterly outlook, the corporate is “not planning for any profit from Ripple market improvement charges” for Q1 2021. MoneyGram stated it had a greater than $12 million internet … Read more

Ripple and Moneygram stop their partnership due to SEC’s lawsuit

Ripple Labs isn’t having a great time since the U.S. Securities and Exchange Commission (SEC) issued a lawsuit against them last December. From that date, numerous exchanges and other crypto-companies (like funds) have decided to stop their XRP trading. Now is the turn for another one: Ripple and Moneygram, one of the world’s largest money … Read more