Ripple to Move 1B XRP From Escrow

The community has reacted quite violently; at the current rate, 1B XRP is $225 000 000
02 December 2019   131

California fintech startup Ripple unlocked another $ 225 million XRP tokens from escrow account.

After the first transaction, several tranches totaling 40 million XRP went to unknown addresses. As you can see from the comments above, the community is in mixed feelings.

Ripple to Invest $50M in MoneyGram

During the final stage, Ripple acquired MoneyGram securities at $ 4.10 apiece and now, it has 9.95% of the company's outstanding shares
26 November 2019   184

Fintech-startup Ripple invested another $ 20 million in the American money transfer service MoneyGram, thus closing the deal for a total of $ 50 million, according to a press release.

During the final stage, Ripple acquired MoneyGram securities at $ 4.10 apiece. Now, a California startup owns 9.95% of the company's outstanding shares.

Our partnership with Ripple is transformative for both the traditional money transfer and digital asset industry - for the first time ever, we're settling currencies in seconds. This initial success encourages us to expedite expanding our use of On-Demand Liquidity. Partnerships with companies like Ripple support innovation and allow us to invest in creating better customer experiences. I anticipate furthering our growth into new corridors and exploring new products and services.

Alex Holmes

Chairman and CEO, MoneyGram

Ripple and the American company MoneyGram (NYSE: MGI) concluded their first agreement at the beginning of 2018. The xRapid product based on the XRP token was launched by MoneyGram this summer.