This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
11/29/2019
MoneyGram Expands Blockchain Services as Ripple Invests Another $20 Million
Digital Transactions
Following up on a $30-million investment in June, blockchain-services provider Ripple Labs Inc. has made another $20-million equity investment in wire-transfer provider MoneyGram International Inc., making Ripple the owner of nearly 10% of MoneyGram’s common stock.
Announced Monday, the new investment is no surprise. The companies indicated in June it was an option as part of a commercial agreement that includes MoneyGram using Ripple technology to facilitate fast, low-cost settlements of cross-border transactions. Ripple paid $4.10 per share, a nearly 34% premium to MoneyGram’s Friday closing price of $3.07.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information