
Ripple Sells $15 Million Worth of Its Stock Holding in MoneyGram
Ripple has offloaded 2,264,113 MGI shares i.e. 33% of its stake as per the latest filing with the US SEC. The blockchain startup hasn’t given any specific reason for this decision.
Ripple has offloaded 2,264,113 MGI shares i.e. 33% of its stake as per the latest filing with the US SEC. The blockchain startup hasn’t given any specific reason for this decision.
In Q3 2020, MoneyGram continued to receive huge “market development fees” from its investors. Its major partner Ripple handed over $9.3 million over the period.
In its new publication, Ripple has pointed out the major problems with remittance in the APAC region and explained how it can solve these problems.
U.S. retail giant Walmart has entered in collaboration with Ripple’s partners Moneygram and Ria to expand its transfer services.
It has been recently confirmed that Vietnamese TPBank is a new member that has taken a decision to join RippleNet.
Ripple insists that XRP is 10 times safer for making international payments that fiat currencies that today are still a more popular option.
At Ripple, the former BoA executive will be responsible for communicating all the regulatory-related matters with the U.S. Securities and Exchange Commission.
Without loud announcements, Bank of America has conducted testing of Ripple’s distributed ledger technology. And it may seem that it won’t stop at this stage.
Ripple Labs Inc has made a little-known but significant acquisition – Iceland-based of Algrim, which is a cryptocurrency trading firm with small but mighty talent pool.
A new petition requires Ripple to stop dumping XRP which could ensure a stronger demand for the coin and would let its price grow naturally.