Ripple Acquiring MoneyGram Rumors Boost XRP’s Price

Ripple and XRP have been making headlines due to various achievements, price predictions, and also all kinds of rumors.

One of the most notable latest rumors is that Ripple might have bought MoneyGram.

Did Ripple buy MoneyGram?

Smartereum notes that this has been out online for about 48 hours, and the rumor might have boosted XRP’s price. At the moment, Ripple’s coin is trading in the red on CoinMarketCap.

The online publication also makes sure to note that there is no evidence that Ripple did acquire MoneyGram, but they also note that this would not be completely impossible.

The reason is the fact that Ripple’s goal has been to take over the global remittance space, and controlling MoneyGram would definitely open various important doors for the San Francisco-based company.

They also note that according to the XRP news of FXStreet there’s this popular trader called Hawk who said that Ripple has made a massive move and bought MoneyGram:

“Seems like it’s out! #Ripple acquired MoneyGram leading to a huge access/deal with Walmart! More to come, believe me.”

While there’s no proof that such a thing did happen, it would definitely be a massive move for Ripple, but for the moment, we’ll just have to wait.

Ripple wants to attract institutional investors

Meanwhile, what is already confirmed is the fact that Ripple plans to attract institutional investors in XRP with the latest move that the company recently made.

Ripple launched just recently a new office in Switzerland that aims to sell XRP to institutional investors.

The office is strategically placed in Zurich which is the biggest city with the highest number of banks.

Ripple enthusiasts and the XRP army of fans obviously became really excited at the news: “This is the start of a revolution.  Creating a frictionless global economy. One ripple at a time.”


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CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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