'We sell XRP as soon as we receive it,' says MoneyGram on Ripple incentive payments

Quick Take

  • MoneyGram received $11.3 million worth of XRP from Ripple in quarterly incentives. 
  • MoneyGram told The Block that it sells all XRP “as soon as” it receives from Ripple
  • Two other major clients of Ripple – PNC Bank and goLance – also confirmed to The Block that they receive incentives from Ripple.
Remittance firm MoneyGram received $11.3 million worth of XRP from Ripple in incentive payments last year, but it sold those digital assets as soon as it received them according to a spokesperson.

Subscribe to The Block to
Unlock this Feature

Choose Your Plan

Save $ vs. paying monthly

Annual

$
per year
Join Now

Monthly

$
per month
Join Now

Questions?

If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.

Related Reading

More