MoneyGram International, Inc. is an American financial company that provides services for operations on the international financial markets. The company also provides international money transfer services. MoneyGram was founded in 1940 and is currently headquartered in Dallas, Texas. MoneyGram has an online platform for MoneyGram transfer tracking. There are MoneyGram apps available for both iOS and Android. MoneyGram fees depend on several factors, such as the country of the sender and receiver, the amount of money and the payment method. MoneyGram locations can be found via the official website. Bitcoin users frequently use MoneyGram to send or receive cash in different parts of the world, after converting Bitcoin via one of the listed cryptocurrency exchanges.
U.S.-Latin American remittance provider reveals that Ripple is not being used for remittances in its “core markets.”
Intermex Is Not Using Ripple for Its Mexican Remittances
MoneyGram has reclassified $11.3 million in “Ripple market development fees” from revenue to contra expenses.
MoneyGram Declared $11.3 Million Ripple Cash Injection as Revenue
The blockchain-based payments firm gave millions to MoneyGram over two quarters in 2019.
MoneyGram Expands Ripple Partnership with $11.3 Million
MoneyGram launched a real-time remittance service, but firm’s COO told Cointelegraph its blockchain partner Ripple is not involved.
MoneyGram Reveals Real-Time Remittance Tech, Based on Visa not Ripple
Cryptocurrency firm Ripple invests additional $20 million in MoneyGram, completing its original commitment of $50 million.
Ripple Completes Promised $50M Investment in MoneyGram With Final $20M
We asked for more context on the soundbyte statistic.
10% of MoneyGram’s US-Mexico Business Is Crypto-Enabled
Ripple CEO Brad Garlinghouse says the firm is looking into multiple investments and acquisitions following its $30 million partnership with MoneyGram.
Ripple CEO: MoneyGram Using XRP a Bigger Deal Than Facebook’s Libra