He is planning to buy a partner of Western Union Ripple, one of the well-known names in the financial world. MoneyGram can join Western Union.
Western Union meets with Ripple’s partner
US-based financial services and communications company Western Union is also known for its interest in the cryptocurrency and blockchain world. Western Union is about to make an important purchase in this area.
The company has started attempts to purchase MoneyGram, a partner of Ripple. Having partnered with Ripple at the beginning of 2019, MoneyGram uses the XRP supported payment product On-Demand Liquidity. Rippler had a $ 50 million investment and had a 10 percent share in MoneyGram.
According to Bloomberg estimates, the market value of MoneyGram is currently $164 million. Considering that the market value of Western Union is $8.5 billion, MoneyGram now seems to take over a much larger group.