Moneygram locations in chicago: Ripple Could Invest Up to $50 Million in MoneyGram in XRP Boosting Deal

Under the deal, according to the Wall Street Journal and Fortune , Ripple will spend $30 million to buy shares at a price of $4.10 apiece. And in the next two years, MoneyGram has the option to sell an additional $20 million worth of shares to Ripple at the same price. As noted by the Journal, MoneyGram shares were trading at about $1.45 apiece at the close of day, meaning Ripple’s purchase price is close to three times the current market value.

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