Brad Garlinghouse

MoneyGram (NASDAQ: MGI), a global provider of innovative money transfer services, announced that Ripple, a provider of enterprise blockchain solutions for global payments, has made the final $20 million investment in MoneyGram equity pursuant to Ripple’s original $50 million equity investment commitment made earlier this year. Ripple purchased the newly-issued equity from MoneyGram at $4.10 per share, which represents a significant premium to MoneyGram’s current market price. This funding will support MoneyGram’s operations as the company continues to increase volume and use of On-Demand Liquidity, Ripple’s product that leverages the digital asset XRP to send money globally, instantly and reliably for fractions of a penny.

According to BusinessWire, Ripple, a blockchain solution for international payments, announced that it has over 300 customers with a growing transaction rate. This jump in costumers and consistent growth is reportedly due to On-Demand Liquidity (O

CIMB Group, ASEAN’s fifth largest bank, and Ripple have entered into a strategic collaboration to enable instant cross-border payments across CIMB’s markets. On the back of this partnership, CIMB will join RippleNet and connect with other Rip