MoneyGram Received $9.3M From Ripple In Q3 For Providing Liquidity To The ODL Ne

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MoneyGram Received $9.3M From Ripple In Q3 For Providing Liquidity To The ODL Network

Blockchain-based payments firm Ripple paid MoneyGram over $9 million during the third quarter of 2020 for using the firm’s XRP-based international payments network.

In MoneyGram’s Q3 report released on Thursday, the company said it received $9.3 million from Ripple in what it termed as “market development fees”. After deducting $0.4 million in expenses and transactions, MoneyGram made an $8.9 million net benefit.

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