Yesterday, US-based money transfer service MoneyGram announced that blockchain firm Ripple completed the second $20 million investment tranche. Ripple purchased newly-issued shares from MoneyGram at $4.10 per share, a premium of over 36% to yesterday’s closing price.
Ripple also announced plans to extend its partnership with U.K.-based money transfer service TransferGo. The two collaborated in 2018 to introduce blockchain cross-border remittance to India, and will now expand the service to new markets in Southeast Asia, Latin America and Africa.
MoneyGram
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