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Ripple officially announced the termination of cooperation with MoneyGram

The American company Ripple has officially announced on its blog that it is ending its cooperation with the payment company MoneyGram due to a “lack of regulatory certainty.”

how told Ripple CEO Brad Garlinghouse, the cooperation was terminated due to the uncertainty of US regulators, which “muddy the waters.” However, in the future, the companies may well launch new partnerships.

“The lack of regulatory certainty is simply muddying the waters for American companies and citizens. But our achievements cannot be denied. Ripple’s ODL solution and XRP coins have sent billions of dollars across borders, ”Garlinghouse said.

Ripple also said in a statement that the company still believes in distributed ledger technology and the potential of digital assets to transform the world 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 (ODL) solution in 2019, however, a complaint by the US Securities and Exchange Commission (SEC) against Ripple forced MoneyGram to reconsider the partnership. In February, the payment service suspended the use of the Ripple platform.

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