Ripple and MoneyGram wind down partnership
As it faces up to litigation with the Securities and Exchange Commission, Ripple says its partnership with MoneyGram is over.
The formal end of the partnership comes a month after MoneyGram suspended trading on Ripple's platform over concerns about the latter's legal tussle with the SEC.
In 2019 Ripple agreed to invest up to $50 million in MoneyGram as part of a two-year partnership that has seen the old-school money transfer player tap the blockchain startup's XRP digital currency for cross-border payment and foreign exchange settlement.
