November 26, 2019 Ripple has aquired a $50M stake in MoneyGram.

The blockchain payments startup completed the purchase today with a final payment of $20M, buying shares at $4.10, over a dollar more than market price. Ripple now owns around 10% of MoneyGram. Earlier this year, MoneyGram began using Ripple’s blockchain-based payment technology in Europe, Australia and the Philippines.