Ripple Is Cashing Out a Third of Its Stake in Surging MoneyGram
It is Ripple's first sale of MoneyGram stock since the startup invested in the remittance giant in 2019.
This ends an agreement the two companies had put on hold in February.
Rosen Law Firm believes MoneyGram investors may be entitled to compensation after the SEC alleged XRP is a security.
The money transfer company will debut cash-for-bitcoin trades at 12,000 locations after linking up with Coinme.
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.
"MoneyGram will continue to monitor the situation" following an SEC lawsuit against its part-owner, Ripple, a spokesperson told CoinDesk.