Ripple Ditched by MoneyGram Over SEC Lawsuit, Shares plunge 25%

MoneyGram has suspended trading on Ripple’s platform over concerns about the latter’s litigation with the Securities and Exchange Commission in its quarterly earnings report.

In 2019 Ripple agreed to invest up to $50 million in MoneyGram as part of a two-year partnership that has seen the old-school money transfer player tap the blockchain startup’s XRP…