Ripple XRP: Real Reason SEC Wont Let MoneyGram Book XRP Payments as Revenue

Market development fees are fees paid by Ripple Labs Inc. (“Ripple”) to the Company for developing and bringing liquidity to foreign exchange markets, facilitated by Ripple’s On Demand Liquidity (“ODL”) platform, and providing a reliable level of foreign exchange trading activity. The liquidity services provided by the Company are not considered distinct under ASC Topic 606, “Revenue from Contracts with Customers,”

Revenue from Contracts with Customers
(Topic 606)
https://asc.fasb.org/imageRoot/32/79982032.pdf

Moneygram Getting Paid in XRP to Build Liquidity
SamIAM https://www.youtube.com/watch?v=2PZE0wsHbLw

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MoneyGram Q4 earnings call on Ayden Trading:
https://www.youtube.com/watch?v=7ts_7_Esn0E&t=3685s

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Post Author: CoinCryptoNews