Lopen opkomende markten DeFi mis vanwege gasvergoedingen?

Ontwikkelde economieën domineren de verkeersranglijst voor de beste DeFi-protocollen van TVL, met de VS en het VK bovenaan de hitlijsten.

Ondanks grootse visies om boeren in Vietnam toegang te geven tot de wereld van wereldwijde financiering via gedecentraliseerde financiering, kunnen opkomende markten slechts 10% vertegenwoordigen van de bezoekers die zich bezighouden met de beste DeFi DApps

Voorstanders hebben lang gehoopt dat crypto en DeFi burgers over de hele wereld een middel zouden geven om de barrières te omzeilen die worden gecreëerd door economische onderontwikkeling , maar de gegevens suggereren dat gebruikers uit ’s werelds grootste economieën de DeFi-ranglijst domineren door online verkeer.

Een nieuw rapport van Bitcoin Superstar onderzoekt de top vijf geografische bronnen van verkeer voor de 10 grootste DeFi-platforms door Total Value Locked in februari, met de gegevens van de webverkeeraggregator SimilarWeb.

Uit de analyse blijkt dat het Amerikaanse verkeer acht van de 10 grootste DApp’s van TVL domineert, die respectievelijk tussen ongeveer 10% en 27% van het verkeer op MakerDAO, Compound, Aave, SushiSwap, Uniswap, Synthetic, Bancor en BadgerDAO vertegenwoordigen.

De VS staat ook op de tweede plaats achter China voor bezoekers aan Curve, en op de vierde plaats op Balancer na Rusland, Oekraïne en China. Het Verenigd Koninkrijk is de op een na grootste verkeersbron voor vijf DApps.

Ondanks dat de Wereldbank schat dat er 1,7 miljard mensen zonder bankrekening zijn en het SME Finance Forum een financieringstekort van $ 5 biljoen vaststelt voor kleine tot middelgrote bedrijven in opkomende economieën, tonen de gegevens aan dat mensen voorlopig geen beroep doen op DeFi om los deze problemen op.

Een reden voor de schijnbare onbalans tussen DeFi-acceptatie in opkomende en ontwikkelde markten kunnen de torenhoge kosten zijn die zijn verbonden aan het gebruik van het Ethereum-mainnet sinds de DeFi-bubbel van Q3 2020

Volgens de demografische website World Data zijn er slechts 39 landen waar burgers meer dan $ 33,33 per dag verdienen. Met de gasvergoedingen in verband met populaire DeFi DApps die regelmatig $ 50 overschrijden, en complexe protocollen die onlangs gasvergoedingen van meer dan $ 1.000 vermelden, is het waarschijnlijk dat het vooruitzicht om meer dan een hele dag te besteden aan alleen de kosten die gepaard gaan met het uitproberen van een DeFi-protocol een grote afschrikking zijn. voor veel mensen die in opkomende markten wonen door de sector te verkennen.

Opkomende markten domineren het verkeer dat Venus bezoekt, het beste DeFi-protocol dat is gebouwd op Binance Smart Chain – dat aanzienlijk lagere kosten biedt in vergelijking met Ethereum. De belangrijkste verkeersbron van Venus is Argentinië met 9%, gevolgd door China, Turkije, Thailand en Peru.

Hoewel DeFi-acceptatie traag lijkt in opkomende markten, tonen gegevens van UsefulTulips aan dat, afgezien van de Verenigde Staten, opkomende markten de peer-to-peer Bitcoin-handelsvolumes domineren – wat suggereert dat crypto wordt aangenomen voor betalingen in landen met zwakke financiële instellingen.

Goldman Sachs riporta l’aumento della domanda di BTC da parte dei clienti: prevede una „esplosione“ nell’uso delle valute digitali

John Waldron, il chief operating officer (COO) di Goldman Sachs, dice che il gigante dei servizi finanziari sta vedendo crescere la domanda dei clienti di possedere e investire in Ethereum Code. Tuttavia, il COO ha spiegato che la sua organizzazione sta ancora esplorando modi per soddisfare questa domanda senza incorrere in problemi di regolamentazione.

Come le banche dovrebbero essere regolate quando hanno a che fare con la moneta digitale

Nelle osservazioni fatte durante un’intervista, Waldron, che è anche il presidente del gigante bancario, aggiunge che Goldman Sachs „è in discussione con i regolatori e le banche centrali su come le banche dovrebbero essere regolate quando si tratta di denaro digitale“. Nel frattempo, spiegando l’approccio unico del gigante finanziario per soddisfare la domanda dei clienti, Waldron ha detto:

Siamo regolati su ciò che possiamo fare. Continuiamo a valutarlo … e ad impegnarci su di esso.

Oltre a cercare modi per soddisfare la crescente domanda dei consumatori per le criptovalute, il rapporto Reuters rivela anche che „Goldman sta anche esplorando un bitcoin exchange-traded fund (ETF) e ha emesso una richiesta di informazioni per esplorare la custodia dei beni digitali“.

„La pandemia di Covid-19 è un accelerante significativo“

Nel frattempo, Waldron è citato nello stesso rapporto per spiegare come la pandemia di Covid-19 ha causato una „esplosione nel commercio online“ e come questa tendenza è improbabile che cambi in futuro. Egli ha detto:

La pandemia è stata un acceleratore significativo. Non c’è dubbio che ci sarà più commercio digitale … e (uso di) denaro digitale.

Nel frattempo, mentre Waldron rivela il cauto approccio cripto di Goldman Sachs, recenti rapporti, tuttavia, indicano che il gigante bancario ha già „riavviato il suo trading desk di criptovalute“. Inoltre, il gigante bancario ha anche „iniziato a trattare in futures bitcoin e non-deliverable forwards per i clienti“.

Pitkät Bitcoin Unseats Tech -varastot ovat tammikuun kaikkein ruuhkaisinta kauppaa, BofA Reports

„Pitkä bitcoin“ on noussut kolmanneksi eniten kauppaa joulukuussa ja on nopeasti noussut kärkipaikalle Bank of America -tutkimuksen mukaan.

Kaupankäynti yli 35 000 dollaria, Bitcoin kulkee edelleen virstanpylvään jälkeen virstanpylvään jälkeen, koska raportit osoittavat, että kryptovaluutta sai eniten pääomavirtaa tässä kuussa verrattuna teknisiin osakkeisiin ja perinteisiin sijoituksiin.

Pitkä Bitcoin voittaa eniten kauppaa

Äskettäinen Bank of America -tutkimus rahastonhoitajista, joilla on yli 500 miljardia dollaria AUM: ssa, paljastaa, että sijoittajat ovat nousussa Bitcoinin hinnalla pitkällä aikavälillä.

Tutkimus osoittaa, että „pitkä bitcoin“ syrjäytti „pitkän teknologian“ kaikkein ruuhkaisimmaksi kaupaksi tammikuussa 2021.

Reuters ilmoitti tiistaina, että tämä on ensimmäinen kerta, kun pitkä asema teknologiayrityksissä on menettämässä kärkeä lokakuun jälkeen. Tämä on myös ensimmäinen kerta, kun „pitkä bitcoin“ on koskaan sijoittunut ensimmäiseksi rahoitusmarkkinoilla.

Virstanpylväs on tulossa vain kolme kuukautta sen jälkeen, kun alle 5% marraskuun kyselyyn osallistuneista äänesti „pitkän bitcoinin“ ensisijaiseksi kaupaksi, ja yli 65% rahastonhoitajista valitsi „pitkän tekniikan“.

Aikaisempi BofA: n tekemä tutkimus osoitti, että „pitkä bitcoin“ nousi kolmen parhaan ensisijaisen kaupan joukkoon joulukuussa, kun rahastonhoitajat nimittivät sen „kolmanneksi eniten tungosta“ kaupaksi.

USD: n oikosulku

Vaikka sijoittajat ovat nousussa Bitcoiniin, kauppiaat ovat edelleen menettämässä uskoaan Yhdysvaltain dollariin, kun he jatkavat panostusta sitä vastaan. Tutkimuksen mukaan „lyhyt USD“ on kolmanneksi eniten kauppaa kuukauden aikana, vain yksi paikka edellisen sijan alapuolella. Se oli toiseksi eniten liikettä kauppa joulukuussa.

Kuten aiemmin on raportoitu , yksi syy Yhdysvaltain dollaria kohtaan kohdistuneeseen kritiikkiin on FED: n rahapainatuskausi viime vuoden COVID-19-pandemian huippukaudella, jonka väitettiin luovan lähes 20 prosenttia kaikista nykyisistä Yhdysvaltain dollareista.

Investors argue that the FED’s action is a recipe for inflation, with many economists predicting that the USD value would fall. To protect themselves against the supposed impending dollar doom, investors and institutions seeking to preserve their wealth chose Bitcoin, which has turned out to be a win for them so far.

Blockchain Game Age of Rust na plataforma

Lançamento da Blockchain Game Age of Rust na plataforma Enjin (ENJ)

A Enjin (ENJ), plataforma de desenvolvimento e comunidade de videogame baseada em blocos, testemunha o lançamento do muito aguardado jogo de ação de ficção-científica obscura, Age of Rust.

No que poderia ser apelidado como um dos Bitcoin Trader maiores marcos do ecossistema Enjin nos últimos tempos, o maior jogo de blockchain-powered, Age of Rust foi finalmente lançado na plataforma Enjin.

De acordo com o anúncio, os jogadores de Age of Rust terão a oportunidade de encontrar 24 Bitcoin (BTC) e mais de 370.000 Enjin Coin (ENJ) escondidos dentro do jogo.

Além disso, cortesia do atual sentimento de alta dos mercados de moedas criptográficas, o valor de mercado da premiação da Age of Rust subiu de US$ 20.000 para quase US$ 1 milhão. Este salto gigantesco no valor da recompensa em si é esperado em muitos entusiastas de videogames baseados em cadeias de bloqueio que usariam suas habilidades de jogo para coletar as recompensas dentro do jogo.

Notavelmente, o jogo custará US$ 14,99 para baixar e jogar no Steam. Entre outras características inovadoras, como ter uma economia exaustiva no jogo, Age of Rust terá 250.000 km2 de paisagem explorável e inclui 40 horas de jogabilidade.

Confira o vídeo a seguir para ter um vislumbre da Temporada 1 de Age of Rust.

Como Jogar o Jogo?

Para poder jogar Age of Rust, os usuários devem baixar a Carteira Enjin em seus dispositivos móveis. Uma vez instalada, o usuário será capaz de vincular sua carteira ao jogo. Este link ajudará na verificação da propriedade dos itens do jogo e permitirá ao usuário visualizar, vender, trocar e comprar os itens do jogo sem qualquer inconveniente.

Os usuários podem jogar o jogo básico sem a necessidade de comprar nenhum token. Entretanto, Age of Rust tem vários níveis de recompensa para resolver quebra-cabeças. Portanto, os usuários precisariam de fichas específicas para ter acesso aos enigmas de recompensa de nível mais alto.

Especificamente, os usuários precisariam das fichas „Mission Tokens“ e „Rustbits“ para jogar os níveis de recompensa mais altos. Os usuários podem encontrar as 10 fichas de missão no Enjin Marketplace ou Opensea.

Em notícias recentes, o BTCManager relatou em 18 de janeiro que a Enjin tinha feito parceria com a Gracone Inc., uma plataforma de cadeia de bloqueio destacando o uso de tokens de cadeia de bloqueio e não-fungáveis (NFTs) para lançar o primeiro projeto beneficente japonês NFT via Kizuna.

Largest crypto asset manager Grayscale wants to open additional funds

The world’s largest asset manager has set up six new funds. Including for Chainlink and Tezos.

Grayscale apparently wants to reposition itself for the future

This emerges from the commercial register of the US state Delaware. Accordingly, the largest digital asset manager in the world founded five new trusts on December 18th last year. Specifically, this includes: Chainlink, Basic Attention Token, Decentraland, Livepeer and Tezos. Previously, Grayscale also registered its own trust for Filecoin in October. The asset manager would like to diversify further and is taking a prophylactic step. Establishing a trust does not mean that Grayscale will bring these products to market. Compared to „The Block“ CEO Michael Sonnenshein said:

Grayscale is always looking for ways to offer products that meet investor needs. Occasionally we will make reservation registrations, although registration does not mean that we will be launching a product. Grayscale has and will continue to announce when new products are made available to investors.

3 percent of all Bitcoin at Grayscale

In the past, Grayscale has mainly focused on its hobbyhorse Bitcoin. The digital asset manager recently invested another 607 million US dollars in digital gold. The US company now holds three percent of all Bitcoin worldwide. A look at the total volume of all investments managed under Grayscale (25 billion US dollars) underscores the company’s preference when it comes to selecting its assets: Bitcoin (21 billion US dollars AUM).

In doing so, Grayscale also proves that it can quickly get rid of unfavorable assets. As can currently be observed in the Ripple Causa. The world’s largest digital asset manager quickly dissolved its XRP trust after various crypto exchanges had removed all trading pairs for the crypto currency. The basis for this is the current proceedings between the American Securities and Exchange Commission (SEC) and the Californian FinTech. The SEC accuses Ripple of trading an unannounced security with its cryptocurrency XRP. Now the tax authorities are demanding a fine of 1.3 billion US dollars from the start-up.

Analyst: bitcoin could top $100,000 in as little as a few weeks

The bulls have taken full control of the Bitcoin price, sending the cryptocurrency to $40,000 a few hours ago before it met resistance.

Since then, the price has retreated slightly but still looks strong and could continue to rise in the near future.
Any retracement seems to give the market further momentum, which is a sign that the bulls are in full control of the medium-term trend.

Where the market moves next will undoubtedly depend on whether the bulls can prevent a deeper decline.
One analyst notes that Crypto Superstar could soon break $50,000, which he calls the first serious barrier before the coin makes a run toward $100,000.

Bitcoin and the entire crypto market have moved sharply higher today, with the bulls taking full control of the market as they continue to build on the momentum seen in recent weeks.

The price action seen today certainly speaks to the overwhelming power bulls have over the market right now. Whether or not it can be sustained will provide important insight into what stage this rally is at.

One trader expects a rise to $100,000 in the relatively near future and notes that a break above $50,000 could significantly accelerate this rally.

Bitcoin rises to $40,000, experiences rejection

At the time of writing, Bitcoin is trading up just over 6% at a current price of $39,600, down slightly from the day’s highs of $40,000.

After reaching those highs, the cryptocurrency’s price fell in a sudden drop to $36,000, which was immediately absorbed by buyers. This allowed the cryptocurrency to subsequently recover to its current price level.

This volatility is normal in these market conditions – and you should expect it to continue in the coming weeks and months when buying Bitcoins.

Analyst: Bitcoin could quickly reach $100,000 per BTC

A trader now writes in a tweet that he is watching closely to see if Bitcoin can break out above $50,000, as this is the last major psychological barrier before $100,000.

So a breakout above that level could lead to an accelerated rally toward $100,000.

„I have already closed the $BTC chart when we went above 20k. I see no reason to keep watching. The first psychological resistance is $50k and if we break that, $100k will come in a few weeks. No need for complication.“

The coming days should shed light on where the market is headed next, as Bitcoin’s current volatility (Go to Buy Bitcoin Cheap Guide) could help determine the medium-term trend.

Bitcoin climbs above 38,000 US dollars

Bitcoin climbs above 38,000 US dollars and XRP celebrates „resurrection

While Bitcoin’s flight to the top continues, XRP manages to fight its way back with a whopping 55% daily gain.

Bitcoin (BTC) continued its „trend“ of daily new record highs today, 7 January, as bulls pushed the market-leading

  • cryptocurrency above US$38,000.
  • Market visualisation from Coin360Bitcoin climbs above US$38,500

As data from Cointelegraph Markets, Coin360 and TradingView shows, Bitcoin has taken another big step towards the psychologically important US$40,000 mark.

Today, Thursday, the price continued to advance at a Bitcoin Formula rapid pace, with a daily gain of 11.5% on the tableau. A week ago, Bitcoin was still at 28,000 US dollars.

As Cointelegraph had reported, the market-leading cryptocurrency, along with Ether (ETH) and several other altcoins, is the best performing financial product so far in 2021, with even the successful Tesla stock paling in comparison.

The carmaker’s security (TSLA) was the strongest investment product in 2020 since the outbreak of the Corona crisis. Bitcoin, however, was not only beaten by Tesla stock last year, but also by Ether.

„The next downturn will be painful for all panic buyers,“ as Cointelegraph Markets analyst Michaël van de Poppe is now warning his followers on Twitter, however, after Bitcoin climbed as high as US$38,510 in the interim-

Resurgence of XRP

In the midst of the altcoins, the cryptocurrency XRP, which had been „pronounced dead“, is also coming back to life.

The fourth-largest cryptocurrency recently lost heavily after the US regulator SEC filed a lawsuit against issuer Ripple. This week, however, XRP was able to rise like a phoenix from the ashes, with the price climbing from US$0.23 back to US$0.35 in just one day today.

The 0.35 US dollar mark is becoming the new decisive mark, so to speak, according to van de Poppe. According to him, it is important to hold this mark and improve it further in order not to lose the new gains again directly.

„XRP has to overcome this important resistance area in order to continue moving upwards. If it fails to do so, it will at least need a sideways movement,“ as the expert writes.

Kevin O’Leary de Shark Tank attend que les régulateurs critiquent le Bitcoin

Alors que le président des O’Shares ETFs est prêt à rater l’opportunité en or, préférant vivre dans sa bulle, Bitcoin a atteint 24700 $ à Noël.

Pendant ce temps, Pomp estime que «nous sous-estimons le changement psychologique», ce qui entraînera davantage de flux de capitaux dans cet actif.

Ainsi, cette semaine, les Dallas Mavericks de Mark Cuban ont offert une réduction spéciale sur les marchandises aux acheteurs de Bitcoin.

Oui, le même Cubain qui considère les bananes comme plus précieuses que Bitcoin a offert aux fans de Mavs la possibilité de payer avec Bitcoin via BitPay. Cependant, pour les Bitcoiners, dépenser leur BTC n’a tout simplement pas de sens lorsque l’actif numérique se négocie près de son sommet historique de 24400 $.

Mais le copain de Cuba, Kevin O’Leary, qui apparaît également sur Shark Tank, dit que ce que Cuban pense, c’est que «les bananes sont une monnaie commune plus importante et il a probablement raison».

O’Leary est apparu jeudi sur CNBC pour parler de Bitcoin lorsqu’il a de nouveau partagé son doute sur BTC, car il a déclaré: „il n’y a aucune preuve“ que le plus grand actif numérique du monde ait une „corrélation inverse avec la correction des marchés“ ne peut pas être utilisé pour protéger le capital.

Il a souligné qu’en mars 2020, lorsque tout le marché s’est soldé, des actions à l’or, «si vous possédiez du bitcoin, vous étiez massacré et vous aviez beaucoup plus de volatilité que le S&P».

La peur du régulateur

Alors que Bitcoin en tant que concept de monnaie numérique est celui qui fonctionnerait, «ce n’est même pas une amibe à une seule cellule si vous preniez toute la capitalisation boursière du bitcoin, ce qui est totalement hors de propos», a-t-il déclaré.

Alors que O’Leary considère la capitalisation boursière de 445 milliards de dollars de Bitcoin comme un problème, le marché de la cryptographie et de nombreux noms de premier plan comme Paul Tudor Jones et JPMorgan, entre autres, y voient une énorme opportunité car BTC a tellement de capital à acquérir.

Selon le président des ETF O’Shares, «c’est amusant si vous êtes une personne fortunée qui veut simplement jouer avec» et y investir du capital. «Mais les marchés financiers traitent avec les régulateurs et vous ne pouvez opérer que dans les limites de ces règles», a-t-il déclaré.

«Aucun investisseur institutionnel de fonds souverains n’a demandé un indice de toutes les crypto-monnaies», a-t-il déclaré. Fait intéressant, ce mois-ci seulement, le S&P Dow Jones et le CBOE ont annoncé qu’ils lanceraient l’indice cryptographique l’année prochaine.

La raison pour laquelle ces investisseurs institutionnels de fonds souverains ne veulent pas sauter dans le train en marche Bitcoin, selon O’Leary, est «ils craignent le régulateur». Il ajouta,

«J’attends le jour où l’un de ces régulateurs s’en prend au bitcoin. Les hommes adultes vont pleurer quand cela arrivera. Vous ne verrez jamais une telle perte de capital dans votre vie, ce sera brutal et je dis juste que vous devez vous préparer à ce point.

Sous-estimer le changement

Les remarques d’O’Leary ont été en réaction au promoteur de Bitcoin Anthony Pompliano, qui est également apparu sur CNBC pour expliquer comment l’énorme quantité de BTC achetée par Grayscale et des sociétés comme Square et MicroStrategy «ne revient pas sur le marché». Pompliano, co-fondateur et associé de Morgan Creek Digital Assets, a déclaré:

«Les gens retirent essentiellement Bitcoin du marché et vous n’avez donc pas besoin de tonnes et de tonnes de nouveaux intérêts, mais je pense en fait que nous sous-estimons le changement psychologique que les investisseurs ont traversé. Cela est dû à la campagne de marketing de quatre mille milliards de dollars menée par le gouvernement américain pour la dévaluation du dollar américain en 2020. »

„Les investisseurs écoutent … ils font attention et ils choisissent de déplacer leur capital dans une zone où ils peuvent protéger leur richesse et Bitcoin sert non seulement une réserve de valeur mais aussi un rendement potentiel de type asymétrique“, a-t-il déclaré, ajoutant que nous n’avons tout simplement pas eu un tel actif et «à mesure que les gens se réveilleront et le comprendront, ils continueront de voir de plus en plus de capitaux affluer dans cet actif dans les années à venir».

Bitcoin’s recente $3.000 Correctie Eigenlijk vormde een Bullish Candle

Bitcoin heeft een extreem sterke correctie ondergaan sinds de lokale hoogtepunten rond de $19.500. De toonaangevende cryptocurrency handelt momenteel bijna precies voor $17.000, hoewel het onlangs tot $16.200 is gedaald.

Dat betekent dat van de lokale hoogtepunten de leidende cryptocurrency daalde met meer dan $3,000.

Velen hebben deze correctie niet goed genomen: slechts enkele dagen geleden verwachtten velen dat Bitcoin zich zou ontwikkelen in de richting van nieuwe all-time highs, waarbij ze een samenvloeiing van technische en fundamentele trends aanhaalden.

Maar deze rally vormde eigenlijk een ietwat bullish kaars, ondanks wat de conventionele wijsheid sommigen kan doen geloven. BTC stuiterde eigenlijk op een uiterst belangrijk macroniveau.

Bitcoin Forms Bullish Candle Ondanks Druppel

De sterke correctie van $3.000 van Bitcoin hield een uiterst belangrijk macrotechnisch niveau tegen: $16.200.

Een handelaar deelde de onderstaande grafiek na het hoogtepunt van de downtrend, waaruit blijkt dat de wekelijkse Bitcoin-kaars op het uiterst belangrijke macro-niveau stuiterde. Zoals hij laat zien, gaat het belang van het niveau terug naar de hoogtepunten van 2017/2018. De grafiek laat zien dat de Bitcoin feitelijk bijgevuld is met $16.200 na een dead count bounce na de week dat de munt 40% corrigeerde.

Als Bitcoin hier wekelijks ondersteuning vindt, zou dit kunnen bevestigen dat de opwaartse trend intact blijft. Het is belangrijk dat BTC de komende twee dagen boven de $16.200 handelt om het niveau als technische ondersteuning te bevestigen.

Nog één druppel?

Bitcoin kan echter nog een been lager komen te liggen.

Ki Young Ju, de chief executive van crypto data analytics firma CryptoQuant, merkte onlangs op dat de walvissen een grotere hoeveelheid BTC in ruil hebben gegeven dan normaal:

„BTC walvissen deponeren aan beurzen. Ik verwacht dumping op korte termijn. Alle beurzen hebben het gemiddelde (144-blok MA) bereikt, wat neerkomt op 2 BTC. Ik denk dat we in een gevarenzone zitten. De prijs zal waarschijnlijk zijwaarts of omlaag gaan als de walvissen op de beurs actief zijn.

Investeerders kunnen die munten verkopen, wat kan resulteren in een verdere uitverkoop.

MoneyGram distances itself from Ripple, saying it does not use RippleNet

MoneyGram clarifies the nature of its partnership with Ripple.

MoneyGram distances itself from Ripple by saying that it does not use RippleNetNOTÍCIAS

The MoneyGram global money transfer service has clarified the nature of its collaboration with its blockchain partner, Ripple, following the recent investigation of the latter by the US Securities and Exchange Commission.

In a press statement issued on 23 December, MoneyGram revealed that it has never used Ripple’s counterpart services, i.e. On-Demand Liquidity (ODL) and RippleNet, for foreign exchange transactions.

„As a reminder, MoneyGram does not use the ODL or RippleNet platform for direct transfers of consumer funds – digital or otherwise. Moreover, MoneyGram is not a party to the actions of the SEC“.

The company added:

„MoneyGram has continued to use its other traditional FX trading counterparties throughout the term of the contract with Ripple, and does not rely on the Ripple platform to fulfill its FX trading needs.
In June 2019, Ripple and MoneyGram entered into a strategic partnership for international payments. As part of the collaboration, Ripple would invest up to $50 million in exchange for MoneyGram shares.

In February, MoneyGram also unveiled an additional $11.3 million investment by Ripple. However, as reported earlier by the Cointelegraph, Ripple sold about $15 million of its stake in MoneyGram.

MoneyGram’s disclosure that it is not dependent on Ripple’s services is in line with previous events. Earlier this year, the money transfer giant launched a real-time remittance service based on Visa and not its blockchain partner.

Another Ripple employee, Intermex, also revealed in March that it was not using the company’s platform for remittances in its „core market.

MoneyGram’s statement is the latest in a series of actions taken by companies regarding Ripple or XRP. On Wednesday, the Bitwise Asset Management investment fund liquidated its holdings in XRP.

Daily XRP/USD Chart. Source: Tradingview
Several exchanges of cryptomaps have also begun to remove the XRP token. The consequences of the SEC process also put negative pressure on the XRP price action, falling by more than 30% on Wednesday.