Why is MoneyGram recognizing Ripple's payments as a contra expense?
On Tuesday, MoneyGram announced its 4Q19 financial results. Within the press release, the remittance company stated that it had received $8.9 million in fees from distributed ledger startup Ripple within the quarter, up from the $2.4 million in fees recognized during 3Q19. “Revenue was $323.7 million, a decline of 6% from the fourth quarter 2018. […]
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