MoneyGram

Moneygram Lets Customers Buy and Sell Bitcoin With Cash at 12,000 Locations

<div class=”featured_image_container”> </div> <strong>Moneygram will start letting customers buy and sell bitcoin at 12,000 locations, thanks to a partnership with Coinme. The collaboration “will bring bitcoin to thousands of new point-of-sale locations in the U.S. with plans to expand to select international markets in the second half of 2021,” the companies say.</strong> Bitcoin at Moneygram …

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Ripple to Dispose Stake in Moneygram Shortly After Announcing End of a Business Relationship

<div class=”featured_image_container”> </div> <strong>Just a few days after announcing the end of its partnership with Moneygram, the fintech firm Ripple Labs is now moving to dispose of its stake in the listed company. In a filing with the U.S. Securities and Exchange Commission (SEC), Ripple says it has entered into an agreement with Jefferies in …

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MoneyGram suspends Ripple partnership, citing SEC lawsuit

Global money transfer service MoneyGram says it has officially suspended its partnership with blockchain payments firm Ripple amid the latter’s litigation with the SEC. According to MoneyGram’s quarterly outlook, the company is “not planning for any benefit from Ripple market development fees” for Q1 2021. MoneyGram said it had a more than $12 million net expense …

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Moneygram Distances Itself From the Ripple Turmoil With the US SEC

<div class=”featured_image_container”> </div> <strong>One of the world’s biggest remittance companies issued a statement addressing the recent turmoil between Ripple and the U.S. Securities and Exchange Commission (SEC) due to a lawsuit filed by the regulator against the crypto company.</strong> Moneygram Distances Itself From Ripple in the Midst of the US SEC Lawsuit According to the …

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Ripple has sold $15M of its stock in MoneyGram

Ripple Labs has sold a huge chunk of its 2019 investment in MoneyGram.  Per a Friday night filing with the Securities and Exchange Commission on Friday night, from Nov. 27 through Dec. 4, Ripple Labs managed to sell 2,264,113 shares of MoneyGram (MGI). The tech firm netted a total of $15,303,792.60 from the sales. MoneyGram’s stock …

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Ripple Is Selling 33% of Its Stake in Moneygram

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/422919″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/11/1456×360-19.jpg” alt width=”728″ height=”180″></a></div><strong>Ripple Labs Inc. is selling 4 million of its shares in Moneygram, or about a third of its total shareholding in the company.</strong> The decision seems in part to be motivated by the surging Moneygram share price and …

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Ripple Is Cashing Out a Third of Its Stake in Surging MoneyGram

Blockchain payments firm Ripple is selling roughly one-third of its stake in MoneyGram, in its first such sale of company stock since the startup invested in the remittance giant in 2019. According to a U.S. Securities and Exchange Commission filing on Friday, Ripple owns 6.22 million shares of MoneyGram, or 8.6% of shares outstanding, plus …

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US Court Dismisses Claims Against XRP: Report Shows Ripple Paid Moneygram $15.1M in Q2

The Northern California District Court finds that claims against Ripple Labs and its token made by two investors cannot be proven. The legal dispute, which began in May 2018, pitted Ripple Labs including CEO Brad Garlinghouse and disgruntled investors. According to a report, the discontented investors wanted the court to determine whether the “native token …

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Western Union Makes Takeover Offer for MoneyGram

Western Union might be purchasing cross-border payments company MoneyGram. According to a June 1 article on Bloomberg, the payments giant recently made a takeover offer for MoneyGram. If successful, this would combine the two of the biggest money-transfer companies in the United States.  Ups and downs during pandemic Lockdowns and shelter-in-place orders in response to …

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