Ripple’s key partner, payment operator MoneyGram, has broken off cooperation with the crypto project.
According toAccording to Brad Garlinghouse, the existing terms of the contract do not suit both parties. In the future, companies plan to revise them.
At the same time, the CEO of Ripple noted positiveresults of cooperation. Cross-border payments through On-Demand Liquidity (ODL) allowed MoneyGram to increase the number of transfers by 220%, the number of users by 140%, and receive commissions in Ripple tokens.
In 2019, Ripple acquired a 9.95% stake in MoneyGram for $ 50 million. In December 2020, the company sold securities with a profit of more than $ 15 million.
Against the background of the regulator's claims to Ripple, MoneyGramstopped using XRP token, like many crypto platforms. However, Ripple is not going to give up its positions and believes that the future of the company does not depend on the SEC.
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