The partnership will enable MoneyGram customers to fund and withdraw from their accounts using the USDC stablecoin at physical branches.
MoneyGram News
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MoneyGram customers in the United States will soon be able to buy Bitcoin in the country’s retail outlets across the country.
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While the partnership between Ripple and MoneyGram has been officially terminated, the two firms have expressed they are open to resuming collaboration in the future.
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Ripple partner MoneyGram is facing a lawsuit alleging the firm issued misleading statements and failed to disclose XRP's status as an unlicensed security.
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"Due to the uncertainty concerning their ongoing litigation with the SEC, the company has suspended trading on Ripple's platform," says MoneyGram's quarterly outlook.
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MoneyGram sheds light on the nature of its partnership with Ripple.
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Ripple's partnership with MoneyGram may not be as warm as it once was, but it's paying off.
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MoneyGram saw a significant rise in user transaction numbers for May 2020 compared to the same period last year, coinciding with a partnership with Ripple that began last June.
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According to Bloomberg, financial giant Western Union has made an offer to purchase cross-border payments company MoneyGram.
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Major cross-border payments company MoneyGram has reported a “quiet quarter” with regards to its partnership with Ripple.
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U.S.-Latin American remittance provider reveals that Ripple is not being used for remittances in its “core markets.”
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MoneyGram has reclassified $11.3 million in “Ripple market development fees” from revenue to contra expenses.
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The blockchain-based payments firm gave millions to MoneyGram over two quarters in 2019.
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MoneyGram launched a real-time remittance service, but firm’s COO told Cointelegraph its blockchain partner Ripple is not involved.
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Cryptocurrency firm Ripple invests additional $20 million in MoneyGram, completing its original commitment of $50 million.
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