MoneyGram

MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers,  released additional details on the technology solutions and systems powering the company’s digital transformation. The compan

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