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MoneyGram Takes Wait-and-See Approach on Ripple-SEC Lawsuit
Dec 23 2020 · 11:38 UTC by Steve Muchoki · 3 min read
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The partnership between Ripple and MoneyGram has been described as symbiotic by most analysts. The latter has been experiencing difficulties in making profits and the XRP incentives have significantly helped it close the debt gap.
American giant money transfer company MoneyGram International Inc (NASDAQ: MGI) is taking a wait-and-see approach after the SEC decided to sue Ripple for selling unregistered security XRP. Ripple has invested approximately $52 million in MoneyGram over the years to incentivize the company for providing ODL liquidity.