Ripple takes $50 Million stake in MoneyGram in push to deploy XRP
Ripple has agreed to invest $30 million into remittance firm MoneyGram with an option for another $20 million in the next two years. The deal will see Ripple invest at $4.10 per share, a significant premium to MoneyGram's last closing price of $1.45. For Ripple the partnership will allow them to integrate their XRapid technology, which leverages the $XRP token.
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