MoneyGram Takes Wait-and-See Approach as SEC Sues Partner Ripple
"MoneyGram will continue to monitor the situation" following an SEC lawsuit against its part-owner, Ripple, a spokesperson told CoinDesk.
MoneyGram
The money transfer company will debut cash-for-bitcoin trades at 12,000 locations after linking up with Coinme.
Ripple, MoneyGram to ‘Wind Down’ Partnership
Mar 8, 2021
This ends an agreement the two companies had put on hold in February.
The supporter of blockchain-based payment services is partnering with private equity firm Advent on the potential deal.
Rosen Law Firm believes MoneyGram investors may be entitled to compensation after the SEC alleged XRP is a security.
The money transfer company said it "is not planning for any benefit from Ripple market development fees" in Q1. In last year's Q1, MoneyGram banked $12.1 million in such fees.
MoneyGram
