Connect with us

The Online Technology

Ripple to invest up to $50 million in MoneyGram in strategic partnership : CryptoCurrency


Crypto Currency

Ripple to invest up to $50 million in MoneyGram in strategic partnership : CryptoCurrency

[ad_1]

Loool. You just mentioned complete buyouts- acquisitions for a controlling stake. This is Ripple buying a non-controlling stake in a company whose stock is at an all-time low and wouldn’t have used XRP without the investment, essentially MoneyGram saying “we don’t want your BS product but if you throw us a life raft as we sink into bankruptcy then we’ll give it a shot since we have no other options”.

Real Life. Real News. Real Voices

Help us tell more of the stories that matter

Become a founding member

It may not be a bad business move long-term, time will tell, but the optics of the situation are quite terrible.

[ad_2]

Source link

Subscribe to the newsletter news

We hate SPAM and promise to keep your email address safe

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

To Top