XRP / MoneyGram Ripple Deal, Is a Big Deal! Brad Garlinghouse looking to sign more deals.
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Ripple CEO Brad Garlinghouse says the firm is looking into multiple investments and acquisitions following its $30 million partnership with MoneyGram this June.
As Yahoo! Finance reported on Aug. 9, Ripple’s deal with MoneyGram — the second-largest remittances firm worldwide — saw it purchase a 10% stake in the entity, with an option to increase its investment by a further $20 million within two years.
Ripple is looking to sign “multiple” investment and acquisition deals after its $30 million investment in money transfer giant MoneyGram.
“We’re in a very strong position, our business is growing strongly, we have a strong balance sheet, and I intend to press our advantage,” Brad Garlinghouse, the CEO of Ripple, told Yahoo Finance UK on Friday.
Garlinghouse did not provide specific details about potential investments, as deals are “always very, very hard to predict.”
Back in June, Ripple invested $30 million in MoneyGram, with a plan to further invest up to $20 million in the next two years.
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