MoneyGram has sold USD 11.3 million worth of the crypto asset XRP that it received from Ripple as part of MoneyGram’s commercial agreement with the payments startup.
According to Daily Hold, MoneyGram says it received XRP from Ripple as compensation for using Ripple’s On-Demand Liquidity (ODL) platform to facilitate cross-border payments. MoneyGram says it is now using XRP to move 10% of its transaction volume between the US and Mexico.
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