Entering text into the input field will update the search result below

MoneyGram +53% after partnering with Ripple

  • MoneyGram International (NASDAQ:MGI) skyrockets after announcing a strategic agreement with Ripple (XRP-USD).
  • MoneyGram says the two-year partnership supports the companies' shared goal of improving the settlement of cross-border payments by increasing efficiency and reducing cost through RippleNet.
  • Ripple will become MoneyGram's key partner for cross-border settlement using digital assets. As part of this partnership, Ripple has made an initial investment of $30M in MoneyGram equity, made up of common stock and a warrant to purchase common stock. Ripple purchased the newly-issued common stock from MoneyGram at $4.10 per share.
  • MGI +52% after hours to $2.22.
  • Source: Press Release

Recommended For You

Related Stocks

SymbolLast Price% Chg
MGI--
MoneyGram International, Inc.