Ripple announced that it is investing as much as $50 million into MoneyGram in exchange for a stake in the company as well as warrants to buy even more MoneyGram stock within the next two years.
MoneyGram can be found here:
I own a number of XRP, but it would be interesting to own a stake in the Ripple Foundation. They have an expanding presence in the world of traditional banking.
XRP has havled in value over the last few months. I suspect it will always be a penny stock
The XRP token has halved, but it doesn’t represent the value of the company at all, it is utility for the inter-bank transfer network. I agree completely with you that the XRP token may never be worth much.
The ripple foundation on the other hand has made some interesting strategic partnerships with some big banks in the last couple of years.