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MoneyGram Received $15.1 Million in XRP Incentives From Ripple in Q2 2020

MoneyGram Received $15.1 Million in XRP Incentives From Ripple in Q2 2020

MoneyGram has received $15.1 million from Ripple in the second quarter of this year for providing liquidity to the company’s XRP cross-border settlement network, the On-Demand Liquidity (ODL) platform. According to MoneyGram’s second-quarter results, the Texas-based remittances firm received the funds in what it called “market development fees,” which were offset by transaction expenses of $6.3 million, leading to a net benefit of $8.8 million.







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