Binance has just announced in a blog post that it has expanded the number of payment options for buying and selling crypto for its clients in the Arab world, adding a former Ripple partner, MoneyGram.
Binance P2P adds MoneyGram and CashU as new payment methods
The largest global exchange, Binance, has spread the word that it has expanded its pool of payments for crypto traders in Arab countries to two more global platforms: MoneyGram and CashU.
MoneyGram breaks up with Ripple
As reported by U.Today earlier this week, Ripple fintech giant has officially ended its partnership with MoneyGram remittance behemoth that began in 2019.
In February, the San Francisco-based MoneyGram suspended trading on the Ripple-provided platform over the lawsuit initiated by the U.S. regulator, the SEC, against Ripple in late December.
According to earlier media reports, Ripple was the biggest MoneyGram shareholder and, in late November of last year, it sold around 33 percent of MoneyGram stocks (MGI).
MoneyGram shares drop seven percent after parting ways with Ripple
After the partnership was terminated, MGI showed a fall of seven percent. At the moment, it is trading at $6.90 after a small rise.
Ripple had been supporting MoneyGram with investments later on as well, accounting for the greatest share of the company's recent profits. Ripple had also been paying MoneyGram for the use of its platform and XRP.
Alex Dovbnya
Denys Serhiichuk
Tomiwabold Olajide