Ripple Is Cashing Out a Third of Its Stake in MoneyGram

Ripple Is Cashing Out a Third of Its Stake in MoneyGram

Blockchain payments firm Ripple is selling roughly one-third of its stake in MoneyGram, in its first such sale of company stock since the startup invested in the remittance giant in 2019. According to a U.S. Securities and Exchange Commission filing on Friday, Ripple owns 6.22 million shares of MoneyGram, or 8.6% of shares outstanding, plus …

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