Behemoth payments company Moneygram International Inc. announced yesterday that it “has completed a strategic minority investment in Coinme, a leading cryptocurrency cash exchange in the U.S.” This investment gives the payments company approximately a 4% ownership stake in Coinme. Commenting on the latest development, the chairman and CEO of Moneygram, Alex Holmes, noted that: “At […]
Texas-based payments and remittances company Moneygram recently announced a strategic partnership with Stellar Development Foundation—the development and growth division of Stellar (XLM) blockchain—allowing it to tap into Stellar’s payments and remittance capabilities. The payments company will utilize the native USDC (USD Coin) on the Stellar blockchain to facilitate stress-free and efficient funds transfer. Because neither […]
MoneyGram and Coinme, a licensed crypto-to-cash exchange in the US, recently announced the “launch of a new partnership to enable the cash funding and payout of digital currency purchases and sales.” MoneyGram is one of the world’s top cross-border P2P payments and money transfers facilitators, which currently caters to over 150 million customers across the […]
MoneyGram has gotten slammed with a class-action lawsuit for allegedly misleading investors with Ripple (XRP) sales. Rosen Law Firm announced that it is filing a class-action lawsuit against the payments solution company on behalf of investors who bought MoneyGram securities in 2019. The law firm noted that investors who bought MoneyGram shares between June 17, […]
Moneygram International announced yesterday that it has halted operations on Ripple’s platform. The news came with the company’s Q4 and 2020 earnings report. In its outlook for the first quarter of 2021, Moneygram noted that it “is not planning for any benefit from Ripple market development fees in the first quarter,” adding that “due to […]
