News Formal

Blockchain company Ripple invests in MoneyGram to power cross-border payments, shares explode higher

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

MoneyGram is up over 130% in after hours trade. Here's why:

Blockchain company Ripple announced an investment in and partnership with MoneyGram International Inc. MGI, -2.68% Monday afternoon, sending MoneyGram shares soaring more than 100%. Ripple, which is known for its XRP XRPUSD, -0.29% cryptocurrency and blockchain technology, agreed to purchase $30 million worth of freshly created MoneyGram shares at $4.10 apiece, and can purchase another $20 million more at its discretion at a minimum of $4.10. MoneyGram shares closed Monday at $1.

45, but exploded higher after the announcement, recently topping $3 in after-hours trading. The cost of an XRP coin jumped more than 5% immediately after the announcement. MoneyGram will use Ripple's XRP technology to handle cross-border transfers of digital funds for at least two years under the deal.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 3. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Shares of cancer-therapy companies skyrocket after Pfizer acquisition newsShares of gene-therapy companies shot up on Monday after Pfizer Inc. announced it would acquire cancer drug maker Array BioPharma Inc. in a deal worth up to... What’s bitcoin doing if these are skyrocketing?
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »