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News Major money transmission network MoneyGram has announced that blockchain-based payments firm Ripple has completed its original commitment with a final $20 million investment. In a Nov. 25 press release, MoneyGram announced that Ripple Labs Inc. has made a final $20 million equity investment i..
News An estimate by the World Bank pegged 2016’s global remittance market at $573 billion, and a whopping $422 billion of that went to developing countries. The simple act of transferring money from one country to another — more formally known as remittance — is one economic heavyweight of a marke..
Ripple made its biggest move yet this summer, having bought up $30 million USD worth of shares in MoneyGram. As part of that deal, the mainstream money transfer company agreed to partner with Ripple on cross-border payment settlements. Now, Ripple’s leadership has signaled they’re keeping the compa..
News Ripple CEO Brad Garlinghouse says the firm is looking into multiple investments and acquisitions following its $30 million partnership with MoneyGram this June. As Yahoo! Finance reported on Aug. 9, Ripple’s deal with MoneyGram — the second-largest remittances firm worldwide — saw it purchase..
Ripple Enters Massive Partnership; XRP Spikes According to a post published to the blog of Ripple Labs, the San Francisco-headquartered fintech company has joined in a partnership with MoneyGram, one of the world’s most prominent money transfer firms. As a result, the value of the XRP crypto asset h..