Ripple officially announced the cessation of cooperation with Moneygram - Bits Media

The American company Ripple officially announced on its blog about the termination of cooperation with the MoneyGram payment company in connection with the “lack of regulatory certainty”.

According to Ripple Director General Brad Garlinghaus (Brad Garlinghouse), There was cooperation discontinued due to the uncertainty of American regulators, which "muddy water". However, in the future, companies may well launch a new partnership.

“The lack of regulatory certainty is simply stirring up water for American companies and citizens. But we cannot deny our achievements. Billions of dollars across borders were sent through the Ripple ODL solution and with the help of XRP coins., Garlinghaus emphasized.

Also in the Ripple statement is noted, that the company still believes in the technology of the distributed registry and the potential of digital assets to change the sphere of international money transfers. New technologies can help billions of people around the world.

Recall, that the MoneyGram service began testing the Ripple On-Demand Liquidity solution (Out) in 2019 year, However, a complaint of the US Securities and Exchange Commission (SEC) Ripple forced Moneygram to revise the partnership. In February, the payment service suspended the use of the Ripple platform.