• 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.