Blockchain company Ripple invests in MoneyGram to power cross-border payments, shares explode higher

[mistatee2000]

 

[Chris_Reeves]

https://seekingalpha.com/news/3471902-moneygram-plus-53-percent-partnering-ripple

For more information regarding this investment/partnership

- MoneyGram International (NASDAQ:MGI) skyrockets after announcing a strategic agreement with Ripple (XRP-USD).

- MoneyGram says the two-year partnership supports the companies' shared goal of improving the settlement of cross-border payments by increasing efficiency and reducing cost through RippleNet.

- Ripple will become MoneyGram's key partner for cross-border settlement using digital assets. As part of this partnership, Ripple has made an initial investment of $30M in MoneyGram equity, made up of common stock and a warrant to purchase common stock. Ripple purchased the newly-issued common stock from MoneyGram at $4.10 per share.

- MGI +52% after hours to $2.22.

Edited June 17, 2019 by Chris_Reeves

[Blur93]

https://ripple.com/insights/ripple-announces-strategic-partnership-with-money-transfer-giant-moneygram/ Leveraging XRP through xRapid!! Holy ****!

[quetzalcoatl]

Buckle up boys and girls shes going to get bumpy!

[Chris_Reeves]

Press Release here https://seekingalpha.com/pr/17546813-moneygram-announces-strategic-partnership-ripple

Edited June 17, 2019 by karlos
copyright

[Mcripple]

Tks

[Blur93]

https://ripple.com/insights/ripple-announces-strategic-partnership-with-money-transfer-giant-moneygram/ This is ******* great!

[Benchmark]

@MemberBerry 

@KaaKaRmA

[princesultan]

Wooowwww!!! That Twitter guy was right!!!

[Babelly]

Great news, and even better it came on a Monday.  Cant wait to see how the rest of the week plays out.  Patience is starting to pay off.  Cheers!!!!

[mDuo13]

I had no idea it was real until a few minutes ago. But this is huge. Pretty excited to see where this takes us, both the company and the broader XRP community.

[Mcripple]

This is XRP too FWIW

[itcdominic]

4 minutes ago, princesultan said:

Wooowwww!!! That Twitter guy was right!!!

YES he was

[King34Maine]

5 minutes ago, princesultan said:

Wooowwww!!! That Twitter guy was right!!!

I know, I was like he was just full of Bull ****!!!!

[AdmiralVint]

This is it. Let's go