Embattled blockchain software program firm Ripple says it has ended its partnership with cash switch service MoneyGram.
If this seems like deja vu, it’s as a result of MoneyGram already dropped Ripple last month on account of the SEC’s ongoing case against the company. In December, the SEC alleged that Ripple’s gross sales of cryptocurrency XRP have been unregistered securities choices.
MoneyGram’s transfer was half of a bigger pattern within the business—exchanges like Binance and Coinbase had already delisted XRP, and the digital asset supervisor Grayscale had distanced itself from Ripple.
However on the time, a Ripple spokesperson instructed Decrypt that its multi-year partnership cope with MoneyGram was “nonetheless in place,” and that it was “look[ing] ahead to discovering a path ahead.”
Now, Ripple says in a rigorously diplomatic press release that the 2 firms have come to a mutual understanding to formally “finish our present partnership settlement.”
Ripple CEO Brad Garlinghouse tweeted that each Ripple and MoneyGram are “each dedicated to revisiting [the partnership] sooner or later.”
MoneyGram didn’t instantly reply to a request for remark.
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