{"id":30984,"date":"2020-10-30T12:31:34","date_gmt":"2020-10-30T10:31:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30984"},"modified":"2025-08-28T00:56:35","modified_gmt":"2025-08-27T21:56:35","slug":"moneygram-earned-9-3-million-from-ripple-in-the-third-quarter","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/moneygram-earned-9-3-million-from-ripple-in-the-third-quarter\/","title":{"rendered":"MoneyGram earned $9.3 million from Ripple in the third quarter"},"content":{"rendered":"<p>The fintech startup Ripple directed $9.3 million to MoneyGram, <a href=\"https:\/\/ir.moneygram.com\/news-releases\/news-release-details\/moneygram-international-reports-third-quarter-2020-results\" target=\"_blank\" rel=\"noopener noreferrer\">according to<\/a> the company&#8217;s third-quarter report.<!--more--><\/p>\n<p>Excluding $0.4 million for &#8220;transaction and trading costs,&#8221; the amount stood at $8.9 million.<\/p>\n<p>MoneyGram earns commissions in XRP based on the volume of transactions passing through the On-Demand Liquidity (ODL) system for cross-border payments.<\/p>\n<p>In November 2019, CEO Alex Holmes said that MoneyGram processes 10% of transfers between the United States and Mexico using ODL. Later Ripple invested $50 million in the service, obtaining 9.95% of ordinary shares.<\/p>\n<p>Earlier, from January through March 2020, MoneyGram received $16.6 million from the fintech startup. In the second quarter, payment volume <a href=\"https:\/\/forklog.com\/en\/news\/moneygram-received-15-1-million-in-xrp-from-ripple-in-q2\">stood at<\/a> $15 million.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fintech startup Ripple directed $9.3 million to MoneyGram&#8217;s money-transfer service, according to the company&#8217;s third-quarter report.<\/p>\n","protected":false},"author":1,"featured_media":30985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1855,2008,112],"class_list":["post-30984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-moneygram","tag-odl","tag-ripple"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/30984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=30984"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/30984\/revisions"}],"predecessor-version":[{"id":30986,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/30984\/revisions\/30986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/30985"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=30984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=30984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=30984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}