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'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.

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