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Western Union Makes An Offer To Purchase Ripple-Partnered MoneyGram – What It Means For XRP

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According to a recent report by Bloomberg, Western Union, and Ripple’s cross-border payments partner MoneyGram could be merging in the near future. The report cited a source familiar with the matter who stated that Western Union has made an offer to buy MoneyGram.

If the transaction is successful, it would bring together two of the largest money transfer service providers in the United States. Notably, MoneyGram’s stock soared following this news.

This comes after Ripple successfully acquired 10% of MoneyGram’s outstanding common stock after investing $50 million in the company, while MoneyGram in turn agreed to utilize Ripple’s cross-border ...

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