• MoneyGram suspends RippleNet
    Regulation,  Ripple,  XRP

    Citing SEC suit MoneyGram suspends use of Ripple ODL

    The money transfer company is a high-profile user of Ripple’s international payments network as well as its XRP-based On-Demand Liquidity product

    In it’s Q4 and full year financial results released today MoneyGram International revealed that it has suspended trading in XRP due to uncertainty over the Securities and Exchange Commission’s lawsuit. The agency has said XRP is an unregistered security illegally sold by Ripple over the past eight years.

  • Ripple sees solidarity and departures
    Regulation,  Ripple,  XRP

    Lawsuit looming, Ripple sees solidarity and departures

    As the impact of the Securities and Exchange Commission’s lawsuit hits some supporters are taking off, some are backing away, and some are offering support

    While Ripple has offered an aggressive response, promising to fight the enforcement action it calls “an assault on the entire American cryptocurrency industry and an assault on American innovation”—companies working with Ripple and XRP have had very different responses.

  • That XRP logo is moving very fast (via Shutterstock).
    Ripple,  Technology

    Ripple, Intermex pen Mexican remittances deal

    International Money Express will use the blockchain payments company’s XRP-powered On-Demand Liquidity service to cut costs and reduce wait times

    In an announcement Tuesday, Ripple said that its technology will be used for a new XRP-based remittance service from Intermex, a money remittance services company focused primarily on the Latin America and Caribbean corridor.

  • MoneyGram suspends RippleNet
    XRP

    MoneyGram confirms massive XRP use in Mexican peso transactions

    The money transfer service’s partnership with liquidity provider RippleNet now accounts for 10% of its Mexican business, and is set to go global

    The head of MoneyGram confirmed today that the global money transfer company has been using XRP cryptocurrency to exchange U.S. dollars and Mexican pesos extensively since July.