Ripple Deal with MoneyGram Officially Over: CEO Garlinghouse

Embattled blockchain tech company Ripple says it has ended its partnership with MoneyGram, a money transfer service.

If this feels like deja vu, it’s because MoneyGram already dropped Ripple last month as a result of the SEC’s ongoing case against the company. In December, the SEC alleged that Ripple’s cryptocurrency, XRP, is actually an unregistered security.

MoneyGram’s move was part of a larger trend in the industry—exchanges like Binance and Coinbase had already delisted XRP, and the digital asset manager Grayscale had distanced itself from Ripple.

At the time, Ripple told Decrypt that its multi-year partnership deal with MoneyGram was “still in place,” and that it was “look[ing] forward to finding a path forward.”

Now, says Ripple in a carefully diplomatic press release, the companies have come to a mutual understanding, and agreed to officially part ways.

Ripple CEO Brad Garlinghouse tweeted that both Ripple and MoneyGram are “committed to revisiting [the partnership] in the future.” MoneyGram was not immediately available for comment.

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