Global money transfer service MoneyGram says it has changed its relationship with blockchain payments firm Ripple amid the latter’s litigation with the Securities and Exchange Commission.
According to MoneyGram’s quarterly outlook, the company is “not planning for any benefit from Ripple market development fees” for the first quarter of 2021. MoneyGram said it had a more than $12 million net expense benefit from Ripple in the same quarter last year.
