MoneyGram started adopting Bitcoin (BTC) after breaking ties with Ripple
MoneyGram began to adopt Bitcoin (BTC) after breaking ties with Ripple .
MoneyGram’s interest in crypto money did not end after it ended its relationship with XRP. Dallas-based money transfer company, Bitcoin purchases and sales to drive thousands of people in the US crypto currency exchange announced that it has established a connection with the coins. The partnership will make it much easier for owners of the largest cryptocurrency to cash out their earnings.
“This innovative partnership opens up our business to a completely new customer segment, as we were the first company to pioneer the crypto-to-cash model by building a bridge with Coinme to connect Bitcoin to the local fiat currency.”
Ripple Partnership Termination
MoneyGram announced a major deal with Ripple in June 2019 . He was using his XRP token in foreign exchange transactions, while receiving millions of financial incentives from the San Francisco-based company. However, the partnership came to an end after Ripple and its managers were sued by the US Securities and Exchange Commission (SEC) for alleged illegal XRP sales.