Ripple Keeps Pumping Funds Into MoneyGram
All in, Ripple has funded the money sender to the tune of over $52 million for providing liquidity to one of its payments products.
Rosen Law Firm believes MoneyGram investors may be entitled to compensation after the SEC alleged XRP is a security.
The money transfer company said it "is not planning for any benefit from Ripple market development fees" in Q1. In last year's Q1, MoneyGram banked $12.1 million in such fees.
This ends an agreement the two companies had put on hold in February.
"MoneyGram will continue to monitor the situation" following an SEC lawsuit against its part-owner, Ripple, a spokesperson told CoinDesk.
It is Ripple's first sale of MoneyGram stock since the startup invested in the remittance giant in 2019.