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Ripple Partner MoneyGram Issues Statement After US SEC Files Lawsuit
Dec 24 2020 · 15:22 UTC by Bhushan Akolkar · 2 min read
Photo: Shutterstock
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Earlier this month, Ripple sold $15 million of its MoneyGram stock while not giving any specific reason behind it.
A day after the US Securities and Exchange Commission (SEC) filed a lawsuit on Ripple, its partner MoneyGram issued a statement clarifying its association with the blockchain firm.
In a press statement issued on Wednesday, December 23, MoneyGram clarified that it has never used Ripple’s counterparty services like RippleNet or On-Demand Liquidity (ODL). The press statement notes: