MoneyGram distances itself from Ripple, says it doesn't utilize RippleNet

Cointelegraph

Published Dec 24, 2020 03:48AM ET

Updated Dec 25, 2020 05:40AM ET

Global money transfer service MoneyGram has clarified the nature of its collaboration with its blockchain partner Ripple following the latter’s recent probe by the U.S. Securities and Exchange Commission.

In a press statement issued on Dec. 23, MoneyGram revealed that it has never utilized Ripple’s counterparty services, namely On-Demand Liquidity (ODL) and RippleNet, for forex transactions.

XRP/USD daily candle chart (Coinbase). Source: Tradingview

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