Ripple Keeps Pumping Funds Into MoneyGram
All in, Ripple has funded the money sender to the tune of over $52 million for providing liquidity to one of its payments products. Source
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MoneyGram
MoneyGram Sees 100% Growth Against 2019 Usage
Global money transfer platform MoneyGram recently unveiled year-over-year growth numbers, showing double the number of transactions seen in May 2019. MoneyGram ended Q1 2020 with 57% growth in digital transactions, a June 9 statement from the company said. The firm saw activity ramp up another 43% by May's end. MoneyGram's partnership with
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Western Union Makes Takeover Offer for MoneyGram
[sociallocker id="55298"] Western Union might be purchasing cross-border payments company MoneyGram.According to a June 1 article on Bloomberg, the payments giant recently made a takeover offer for MoneyGram. If successful, this would combine the two of the biggest money-transfer companies in the United States. Ups and downs during pandemicLockdowns and shelter-in-place
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MoneyGram Declared $11.3 Million Ripple Cash Injection as Revenue
A United States Securities and Exchange Commission (SEC) 8-K filing by remittance processor, MoneyGram, has revealed that Ripple has been injecting a significant amount of funds into the business since its investment in the company in June 2019.But according to a report from the Financial Times, Feb. 28, until
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MoneyGram Reveals Real-Time Remittance Tech, Based on Visa not Ripple
Remittances giant MoneyGram announced a new service allowing real-time money sending, but the solutions of its blockchain partner Ripple are not involved.MoneyGram recently announced FastSend, a new service that allows its customers to send money in real-time to a phone number via a dedicated website or mobile application. Still,
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Ripple Finalizes $50 Million MoneyGram Investment
Ripple now owns nearly 10 percent of MoneyGram's outstanding common stock after completing its $50 million equity investment. Original Source
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Ripple Completes Promised $50 M Investment in MoneyGram With Final $20 M
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 in MoneyGram as part of Ripple's original
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Walmart Joins Ripple Partners MoneyGram & Ria to Offer Int. Payments
In a press release yesterday supermarket Goliath Walmart announced international payments in collaboration with RippleNet partners Ria and MoneyGram. Walmart has a yearly revenue of half a trillion and was founded in 1969 by the Walton family, with nearly 12,000 in 27 countries under 55 different names. MoneyGram & Walmart have worked
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Ripple CEO: 50% XRP Transaction Boost Due to MoneyGram and Other Remittances
Do virtual currencies really threaten existing digital payment systems and traditional financial institutions? Or can they co-exist and help to bolster both ecosystems?If you are familiar with the global crypto ecosystem, I am positive you must have heard of a rumor making rounds recently, suggesting that the recent spike in
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ODL Skyrockets, MoneyGram Demands More & XRP to Jump in Price?
For XRP to increase in price it needs increased utility and value which in turn means it can handle bigger and bigger transactions across the XRPL. Recently we have seen this usage and utility on exchanges such as Bitso, where MoneyGram is starting to ramp up its ODL/XRP payment corridors. I got
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