Ripple Partner MoneyGram: You cannot rely on the RippleODL platform to meet your forex trading needs.

According to PRNewswire, Ripple's partner MoneyGram (MoneyGram) said in response to the United States Securities and Exchange Commission (SEC) that it is suing Ripple and two executives for not affecting its current business contract. could affect its development. . We will investigate further. MoneyGram announced in June 2019 that MoneyGram and Ripple have entered into a business agreement to buy and sell four products using Ripple's Ripple liquidity-on-demand (ODL) platform. At the time of their agreement with Ripple, MoneyGram continued to use other forex counterparties and did not rely on the Ripple platform to meet its trading needs. MoneyGram does not use the ODL or RippleNet platform to digitally or restrict direct-to-consumer remittances, and is not a party to the SEC's lawsuits.