Payments firm Ripple has given MoneyGram, a remittance firm, over $11 million dollars in the past half year, according to regulatory filings with the Securities and Exchange Commission (SEC).
The funds are broken up between two quarters, $2.4 million in Q3 and an additional $8.9 million in Q4, for a total of $11.3 million.
The Q4 "financial benefit" as MoneyGram calls the sum, was not included in its Q4 revenue, reported as $323.7 million.
Previously, MoneyGram has disclosed that it utilizes various Ripple products, including its On-Demand Liquidity product, which runs on XRP.
The firm behind XRP owns over 10 percent of MoneyGram common stock, acquired through investments adding up to $50 m…8 часов назад @ coindesk.com