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Ripple Exits from 33% of Its MoneyGram Investment

Ripple Exits from 33% of Its MoneyGram Investment | Finance Magnates

Blockchain payments giant Ripple is cashing out a third of its total stake in remittance provider MoneyGram for the first time after the investment last year. As revealed in a recent US Securities Exchange and Commission filing, Ripple currently holds 6.22 million shares of MoneyGram along with a warrant, which allows the blockchain startup to purchase another 5.95 million shares.