Ripple Completes $50 Million MoneyGram Investment, Supporting XRP Use for Global Payments

San Francisco-based Ripple Labs has just completed a $50 million investment in MoneyGram. The funds will help support the use of On-Demand Liquidity, a global payments product that uses XRP. Ripple first committed to the investment in June of this year. It now owns almost 10 percent of the company’s outstanding common stock. Ripple’s $50

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