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MoneyGram Is Now Part Owner of Crypto Exchange Coinme

MoneyGram International, Inc. has announced it’s purchased a minority stake in U.S. crypto exchange Coinme. At the time of writing, it is believed MoneyGram owns as much as four percent of the company. MoneyGram Has Bought a Stake in Coinme The move closes out a recent Series A funding round held by Coinme, which is quickly becoming one of the largest and fastest growing crypto trading platforms in the world. MoneyGram chairman and CEO Alex Holmes said in a statement: At...

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Crypto Firm Coinme Still Puts Cash Above Other Financial Tools

Bitcoin and cryptocurrencies are becoming far more popular as of late, but as this space grows, it is becoming clear that cash is still at the top of the financial ladder. Fiat currencies like USD are the primary tools that Americans rely on, and Coinme – a digital currency platform – is recognizing this. Thus, the company wants to make transfers between both cash and crypto as smooth and as easy as possible. Coinme Still Believes Cash Is at the Top Neil Bergquist – the...

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#895 BTC am Donnerstag interessant, Western Union Übernahmeangebot MoneyGram & Einfluss der USA Unruhen auf Bitcoin

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 895. Heute sprechen wir über folgende Themen: Der BTC Markt wird am Donnerstag erst „interessant“, Western Union Übernahmeangebot für MoneyGram & Einfluss der USA Unruhen auf Bitcoin. 1.) Analyst: Der Bitcoin-Markt wird durch diese Änderung am Donnerstag erst „interessant“https://coin-update.de/analyst-der-bitcoin-markt-wird-durch-diese-aenderung-am-donnerstag-erst-interessant/ 2.) Wie werden die Unruhen in...

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Ripple’s XRP Is Not Used by Intermex for Its Mexican Remittances

Ripple’s XRP is not suitable for Mexican remittances, but it might be a good solution in the African market where Intermex has recently expanded. In February, we reported about Ripple‘s collaboration with Intermex (International Money Express, Inc), provider of remittance services to Latin America and the Caribbean corridor. Within the partnership, Intermex was to use Ripple’s On-Demand Liquidity (ODL) through RippleNet and “enable faster cross-border payments between the U.S. and Mexico.”...

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MoneyGram 2019 Annual Report: $11.3 Million XRP Sold during Partnership with Ripple

In 2019, MoneyGram has received $11.3 million worth of XRP, $8.9 million in the fourth quarter only. In 2020, this number seems to be increased.Recently, money transfer company MoneyGram has released its 2019 annual report. According to MoneyGram, it has sold $11.3 million worth of XRP received as a result of its commercial partnership with Ripple.As MoneyGram has revealed in its filing to the SEC, its loss in the fourth quarter of 2019 has totaled $11.9 million. However, the company assured...

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Ripple Hit Hard as Judge Decides Its Class-Action Lawsuit Can Proceed

Though Ripple hoped that it would manage to stop its class-action lawsuit, the legal battle seems to continue.A federal judge from California has ruled against the request from Ripple to stop a class-action lawsuit that claims the company sold XRP to its customers as an unregistered security. This means the case will go ahead as planned initially, a big blow to the XRP and Ripple community at large.Ripple had requested to stop the lawsuit back in December 2019, where Judge Phyllis J. Hamilton...

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Ripple Provides Additional $11 Million in Investments to MoneyGram

MoneyGram is one of the major partners of Ripple. And it received good investments from it. In the last half-year, it got a sum of another $11 million.It appears that in the last 6 months Ripple provides to MoneyGram an additional $11 million in investments. These indications were reportedly noticed in recent filings with the U.S. SEC by MoneyGram. Last year Q3 and Q4 reports indicate remittances to MoneyGram by Ripple Labs Inc. The sums were broken down into $2.4 million in Q3 and $8.9...

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#821 Moneygram 60 Millionen Verlust, Börse Stuttgart Bitcoin Short ETP & Tim Draper All in Bitcoin

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 821. Heute sprechen wir über folgende Themen: Ripple-Partner Moneygram mit 60 Millionen US-Dollar Verlust, Börse Stuttgart bietet Short-Position auf Bitcoin als ETP an & Tim Draper All in Bitcoin. 1.) Ripple-Partner Moneygram mit 60 Millionen US-Dollar Verlusthttps://www.btc-echo.de/ripple-partner-moneygram-mit-60-millionen-us-dollar-verlust/ 2.) Börse Stuttgart bietet Short-Position auf Bitcoin als ETP...

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Ripple’s MoneyGram (MGI) Stock Down as Company Reports Weak Financial 2019 Results

MoneyGram International Inc, which is one of the major Ripple’s partners, has revealed that it had a bad fourth quarter of 2019, especially if compared to results in Q4 2018. The stock is in red.MoneyGram International Inc (NASDAQ: MGI) stock is trading at around $2.38 at the moment of writing which indicated that the stock has lost over 7% since the last closing. Ripple and MoneyGram International Inc are making significant moves to keep the service on the top of the remittance market. The...

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Ripple Transfers $54 Million in XRP to Mexico in One Week, Inks Useful Partnerships

Ripple’s XRP price may be on the road to the next big move, as the company is actively expanding the scales of its activities and joined the Top 100 Remittance Companies list being the only crypto-related company there.Ripple network sent 54 million in one week from the U.S. to Mexico, according to the reports. Such a big volume level pushes XRP price greatly, even though the recent downfall. With the company reaching the top 100 cross-border payment corporations chart, new horizons are...

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