MoneyGram Announces $ 20 Million Financing from Ripple

Recently, the international fast payment company MoneyGram announced that it had received a $ 20 million investment from blockchain service provider Ripple. It is understood that this is only part of Ripple's commitment to invest $ 50 million. In June of this year, Ripple announced the purchase of the company's newly issued equity at a price of $ 4.10 per share, which is well above the current market valuation of MoneyGram.