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Western Union Makes Takeover Offer for MoneyGram

According to Bloomberg, financial giant Western Union has made an offer to purchase cross-border payments company MoneyGram. Western Union might be purchasing cross-border payments company MoneyGram.According to a June 1 article on Bloomberg, the payments giant recently made a takeover offer for MoneyGram. If successful, this would combine the two of the biggest money-transfer companies […]

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MoneyGram Receives $11 Million Cash Injection from Ripple

MoneyGram (NASDAQ:MGI) has received over US$11 million in the last six months from Ripple in what was described as “Ripple market development fees.” A partnership between the money remittance company and the crypto services firm was first announced back in June when Ripple agreed to provide MoneyGram with US$50 million in order to support its […]

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10% of MoneyGram’s US-Mexico Business is Crypto-Enabled

We asked for more context on the soundbyte statistic. An estimate by the World Bank pegged 2016’s global remittance market at $573 billion, and a whopping $422 billion of that went to developing countries.The simple act of transferring money from one country to another — more formally known as remittance — is one economic heavyweight […]