Ripple buys 8-10% of Moneygram

Ripple paid $4.10 per share to buy out somewhere between 8-10% of moneygram depending on how much additional cash infusion Moneygram needs over the next two years. This move was made to ensure at least two years of use for X-rapid and XRP with Moneygram with the hopes of convincing more banks and financial institutions to eventually come on board. The $4.10 paid for Moneygram was more than twice the $1.50 Moneygram shares had been selling at but still far less than the $18 per share that Ant Financial offered Moneygram back in 2017.

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