Zedy44 2,761 Posted June 17 As I suggested it would be far more likely didn’t ripple to enter a major partnership than outright buy them. Seems like a good move for Ripple and their product portfolio. 4 mistatee2000, GiddyUp, Lamberth and 1 other reacted to this Share this post Link to post Share on other sites
Benchmark 19,981 Posted June 17 2 cryptoxrp and xrphilosophy reacted to this Share this post Link to post Share on other sites
MegaNerd 1,239 Posted June 17 4 minutes ago, AdmiralVint said: This is it. Let's go I doubt its 'it'. But its good news for sure. 2 Mokkagebak and BarryPotter reacted to this Share this post Link to post Share on other sites
Babelly 364 Posted June 17 6 minutes ago, King34Maine said: I know, I was like he was just full of Bull ****!!!! he said acquisition, this is a partnership but either way he was onto something so I will tip my cap. Great news, momentum building. Share this post Link to post Share on other sites
AdmiralVint 13 Posted June 17 This validates the whole xRapid usecase IMO.. and sets Ripple up for great success with xRapid. 11 1 cmbartley, Babelly, xrphilosophy and 9 others reacted to this Share this post Link to post Share on other sites
VanGogh 1,104 Posted June 17 (edited) https://www.marketwatch.com/story/blockchain-company-ripple-invests-in-moneygram-to-power-cross-border-payments-shares-explode-higher-2019-06-17?mod=mw_quote_news "Ripple, which is known for its XRP XRPUSD, +5.98% cryptocurrency and blockchain technology, agreed to purchase $30 million worth of freshly created MoneyGram shares at $4.10 apiece, and can purchase another $20 million more at its discretion at a minimum of $4.10. . . . MoneyGram will use Ripple's XRP technology to handle cross-border transfers of digital funds for at least two years under the deal." Edited June 17 by VanGogh 3 2 xrphilosophy, Rapple, mistatee2000 and 2 others reacted to this Share this post Link to post Share on other sites
gamblin310 155 Posted June 17 Haha Western Union CEO left out in the cold. 2 2 GrayFox, Cesar1810, Babelly and 1 other reacted to this Share this post Link to post Share on other sites
cmbartley 4,117 Posted June 17 This is really significant. Forgetting about the price of XRP for a moment, Larsen has been saying for years, "imagine if money could move like information". One barrier has been that the traditional/legacy repositories of capital have refused to trial digital asset rails at scale. This partnership suggests that a sea change is around the corner. My rent check took 10 days to settle last week, 10 days! Hopefully this a sign that those days will soon be behind me. 26 DreXRP, Ryyy20, Benchmark and 23 others reacted to this Share this post Link to post Share on other sites
Campo 118 Posted June 17 3 minutes ago, Babelly said: he said acquisition, this is a partnership but either way he was onto something so I will tip my cap. Great news, momentum building. Partnership with a capital injection in return for equity. I.e you can use our 50m dollars but in return we own a % of your company. Depends on what that % is... 1 quetzalcoatl reacted to this Share this post Link to post Share on other sites
King34Maine 1,636 Posted June 17 3 minutes ago, Babelly said: he said acquisition, this is a partnership but either way he was onto something so I will tip my cap. Great news, momentum building. Well, they can potentially will acquire up to a 10% stake in the company!! 1 Babelly reacted to this Share this post Link to post Share on other sites
WillGetThere 292 Posted June 17 Ripple/Moneygram information was first posted here by @Mcripple and it was 05 June. I was sceptical about it. Well done Mcripple! 4 King34Maine, BarryPotter, GiddyUp and 1 other reacted to this Share this post Link to post Share on other sites
Viggo 105 Posted June 17 9 minutes ago, Benchmark said: This Share this post Link to post Share on other sites
King34Maine 1,636 Posted June 17 1 minute ago, Campo said: Partnership with a capital injection in return for equity. I.e you can use our 50m dollars but in return we own a % of your company. Depends on what that % is... This quote is from Fortune: Quote Under the terms of the deal, Ripple will pay $4.10 cents a share to acquire an 8% to 10% stake in MoneyGram. This translates into a $30 million investment, and also gives MoneyGram the option for another $20 million cash infusion in the next two years. 1 WillGetThere reacted to this Share this post Link to post Share on other sites
Zedy44 2,761 Posted June 17 I hope people haven’t forgotten that MGI has an exclusive partnership with Walmart. We basically just bagged Walmart indirectly for the time being. 17 3 xrpmommy, XRPboi, Babelly and 17 others reacted to this Share this post Link to post Share on other sites
XRPforLong 91 Posted June 17 How does this affect other potential clients of Ripple if Ripple has skin in the game with Moneygram. Does it hurt them? Share this post Link to post Share on other sites
