RATE Group | Cryptocurrency News Today – Headlines for March 22
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Cryptocurrency News Today – Headlines for March 22

22 Mar Cryptocurrency News Today – Headlines for March 22

Posted at 13:35h in Cryptocurrency News by

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  • MoneyGram reportedly sold $11,300,000 worth of XRP
  • The company receives XRP from Ripple as compensation
  • MoneyGram uses XRP for 10% transactions between the U.S and Mexico

Cryptocurrency News Today – according to reports, global money processor, MoneyGram has revealed that it has sold a whopping $11.3 million worth of XRP. Recall that after the strategic partnership between the two entities, Ripple agreed to give MoneyGram some of its crypto assets, (the XRP token).

MoneyGram has sold a lump sum of the XRP tokens it received from Ripple due to the commercial agreement between both sides. MoneyGram revealed, revealed this report in its most recent SEC filing. MoneyGram also confirmed that it receives XRP tokens from Ripple as part of its compensation package for adopting Ripple’s ODL (On-Demand Liquidity) platform to provide cross-border payments to its customers.

MoneyGram Gets XRP Tokens From Ripple as Compensation

In its statement MoneyGram said:

“Our company is compensated by…

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