As it faces up to litigation with the Securities and Exchange Commission, Ripple says its partnership with MoneyGram is over.
The formal end of the partnership comes a month after MoneyGram suspended trading on Ripple's platform over concerns about the latter's legal tussle with the SEC.
In 2019 Ripple agreed to invest up to $50 million in MoneyGram as part of a two-year partnership that has seen the old-school money transfer player tap the blockchain startup's XRP digital currency for cross-border payment and foreign exchange settlement.
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