Ripple Invests $25 Million in Blockchain Capital Parallel - JP Morgan Gets Sued for Crypto Fees

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Ripple has invested $25 million in XRP to Blockchain Capital Parallel IV, LP — the first fund to accept capital calls in digital assets — and focus entirely on the development of the blockchain space. Ripple hopes to get more uses cases from this. JPMorgan Chase & Co has been hit with a lawsuit in Manhattan federal court accusing it of charging surprise fees when it stopped letting customers buy cryptocurrency with credit cards in late January and began treating the purchases as cash advances.

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