Ripple Keeps Pumping Funds Into MoneyGram

[Galaxy]

Remittance firm MoneyGram continues to receive millions in “market development fees” from its investor, blockchain payments firm Ripple.

According to MoneyGram's financial results for Q3 2020 posted Thursday, Ripple handed over $9.3 million over the period.
After $0.4 million in "transaction and trading expenses," MoneyGram saw a net benefit of $8.9 million.
The payment is the latest since Ripple, which provides several payments products aimed at financial institutions, invested $50 million in the money sender in November 2019.
Info link: https://www.coindesk.com/ripple-funds-moneygram-xrp