Ripple to invest $50m in MoneyGram.

Ripple, a provider of leading enterprise blockchain solutions, to invest $50m in MoneyGram, a money transfer company based in the United States. “As the payments industry evolves and matures, it’s imperative that we continue to improve our platform and provide the most effective solution to get funds from point A to point B. Through Ripple’s xRapid product, we will have the ability to instantly settle funds from US dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management.” Alex Holmes, MoneyGram Chairman, and CEO.