Ripple CEO: Moneygram Using XRP a Bigger Deal Than Facebook’s Libra

Ripple CEO: Moneygram Using XRP a Bigger Deal Than Facebook’s Libra

Ripple CEO Brad Garlinghouse says the firm is looking into multiple investments and acquisitions following its $30 million partnership with MoneyGram this June.

As Yahoo! (NASDAQ:AABA) Finance reported on Aug. 9, Ripple’s deal with MoneyGram — the second-largest remittances firm worldwide — saw it purchase a 10% stake in the entity, with an option to increase its investment by a further $20 million within two years.

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