• MoneyGram ends Ripple partnership
    Regulation,  Ripple,  XRP

    MoneyGram and Ripple part ways over XRP lawsuit

    The split comes a day after Ripple CEO Brad Garlinghouse said that ‘even if Ripple goes away, XRP will keep trading’

    The move is the latest fallout from the U.S. Securities and Exchange Commission’s lawsuit against Ripple, its executive chairman Chris Larsen, and Garlinghouse. The suit says that the $1.3 billion in XRP sales made by Ripple over the past eight years, with $600 million made by the two executives, were illegal sales of securities.

  • XRP beats Bitcoin Ether as CBDC platform
    Ripple,  XRP

    XRP beats Bitcoin, Ether as central bank digital currency platform

    An Australian report said Ripple’s permissioned network enjoys ‘the trust of many banks as a model for CBDCs’

    Ripple is a better platform for central bank digital currencies than Ethereum or Bitcoin, according to a new report from CPA Australia, a large accounting industry association. It said that Ripple and the XRP token that underpins it “enjoy the trust of many banks as a model for CBDCs because it is highly centralized and is based on a permissioned network where only certain network nodes can validate transactions, as opposed to decentralized and permissionless Bitcoin and Ether.”

  • Ripple thriving Asia Pacific
    Regulation,  Ripple,  XRP

    Despite SEC lawsuit, Ripple thriving in Asia Pacific: Brad Garlinghouse

    Ripple’s CEO says the company has signed up 15 new clients since the U.S. Securities and Exchange Commission sued it for illegal securities sales

    Outside the U.S., Ripple has “been able to continue to grow the business in Asia and Japan because we’ve had regulatory clarity in those markets,” Garlinghouse added. “We’re seeing the activity of XRP liquidity has grown outside the United States and continue to grow in Asia, certainly in Japan.”

  • 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.