Ripple will become MoneyGram’s main partner for cross-border transactions after purchasing $30 million worth of newly created MoneyGram shares.
The money transfer giant is partnering with XRP owner Ripple, which is betting digital currency will be used as a form of bridge funding.
Ripple Labs, creator of the XRP digital currency, failed to maintain money laundering programs or register as a money services business, charges FinCEN.
