Ripple and MoneyGram to ‘wind down’ partnership
While the partnership between Ripple and MoneyGram has been officially terminated, the two firms have expressed they are open to resuming collaboration in the future. Go to Source Powered by WPeMatico
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MoneyGram faces lawsuit over alleged false statements regarding XRP
Ripple partner MoneyGram is being sued by investors alleging the firm issued misleading statements and failed to disclose XRP’s status as an unlicensed security. Go to Source Powered by WPeMatico
MoneyGram suspends Ripple partnership, citing SEC lawsuit
“Due to the uncertainty concerning their ongoing litigation with the SEC, the company has suspended trading on Ripple’s platform,” says MoneyGram’s quarterly outlook. Go to Source Powered by WPeMatico
Moneygram Distances Itself From the Ripple Turmoil With the US SEC
One of the world’s biggest remittance companies issued a statement addressing the recent turmoil between Ripple and the U.S. Securities and Exchange Commission (SEC) due to a lawsuit filed by the regulator against the crypto company. Moneygram Distances Itself From Ripple in the Midst of the US SEC Lawsuit According to the official statement, Moneygram … Read more
MoneyGram distances itself from Ripple, says it doesn’t utilize RippleNet
MoneyGram sheds light on the nature of its partnership with Ripple. Go to Source Powered by WPeMatico
Ripple has sold $15M of its stock in MoneyGram
Ripple’s partnership with MoneyGram may not be as warm as it once was, but it’s paying off. Go to Source Powered by WPeMatico
Ripple Is Selling 33% of Its Stake in Moneygram
Ripple Labs Inc. is selling 4 million of its shares in Moneygram, or about a third of its total shareholding in the company. The decision seems in part to be motivated by the surging Moneygram share price and Ripple’s desire to cash out after buying the shares at a premium of $4.10 in 2019. At … Read more
US Court Dismisses Claims Against XRP: Report Shows Ripple Paid Moneygram $15.1M in Q2
The Northern California District Court finds that claims against Ripple Labs and its token made by two investors cannot be proven. The legal dispute, which began in May 2018, pitted Ripple Labs including CEO Brad Garlinghouse and disgruntled investors. According to a report, the discontented investors wanted the court to determine whether the “native token … Read more
MoneyGram Sees 100% Growth Against 2019 Usage
MoneyGram saw a significant rise in user transaction numbers for May 2020 compared to the same period last year, coinciding with a partnership with Ripple that began last June. Go to Source Powered by WPeMatico
Western Union Makes Takeover Offer for MoneyGram
According to Bloomberg, financial giant Western Union has made an offer to purchase cross-border payments company MoneyGram. Go to Source Powered by WPeMatico
