Ripple Invests in MoneyGram Equity Honoring Commitment to Accelerate and Expand On-Demand Liquidity
MoneyGram has announced that Ripple has made the final $20 million investment in MoneyGram equity pursuant to Ripple’s original $50 million equity investment commitment made earlier this year. In a press release on Nov. 25, it was announced that Ripple purchased the newly-issued equity from MoneyGram at $4.10 per share, paying a significant premium on MoneyGram’s market prices. The funding … Continue reading Ripple Invests in MoneyGram Equity Honoring Commitment to Accelerate and Expand On-Demand Liquidity