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MoneyGram Soars on $50M Investment From Blockchain Startup Ripple

M. Corey Goldman

Ripple, the company behind the XRP cryptocurrency, said it has agreed to buy $30 million of MoneyGram shares and warrants to buy stock at $4.10 a share. In a strategic partnership, Ripple will become @MoneyGram's global partner for cross-border payment and foreign exchange settlement, using XRP. last week announced that it was developing its own cryptocurrency and payment system called Libra, backed by a consortium of large industry players and investment firms.