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Ripple Paid MoneyGram $15.1M in ‘Market Development Fees’ in Q2

Ripple Paid MoneyGram $15.1M in ‘Market Development Fees’ in Q2 – CoinDesk

MoneyGram received over $15 million from Ripple in Q2 for providing liquidity for the XRP creator’s cross-border settlement network. In its second-quarter results Thursday, the Texas-based remittances company said it received $15.1 million from Ripple in what it called “market development fees.” Offsetting transaction expenses, MoneyGram said it made $8.8 million net benefit.