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As Western Union moves to acquire MoneyGram, what are the implications for Ripple?

By: Invezz
XRP’s regulatory status still unclear, as Ripple discusses with SEC

Last week, Bloomberg broke the news that Western Union made an offer to acquire money transfer company MoneyGram. No agreement has been reached yet and Western Union could still change their mind, accordingly. It’s been a hard couple of months for MoneyGram due to the Covid-19 crisis. The company has a debt of $878 million and closed a number of work locations during the pandemic shutdown. Soon after Western Union made the acquisition offer, shares of MoneyGram jumped by almost 50%.  Despite the fact that the circumstances resulted in an increase in MoneyGram’s online transactions, the quarterly reports showed that

The post As Western Union moves to acquire MoneyGram, what are the implications for Ripple? appeared first on Invezz.

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