With a disastrous year firmly behind its XRP token, there’s no stopping Ripple in 2020. Its major partner MoneyGram just received a $9 million investment from NYSE-listed Brinks.
Brinks Invests $9M in MoneyGram
As the global leader in total cash management, The Brink’s Company (NYSE: BCO) announced today that it had invested $9 million in MoneyGram International in Q4 2019.
Brinks has a global network of operations in 41 countries that serves customers in over 100 countries. Some of its solutions include cash-in-transit, cash management services, ATM services, and vault outsourcing.
As we move toward a cashless society, expanding its reach into high-tech money transferring companies like MoneyGram would look like a smart move.
The investment is intended to be mutually beneficial for both companies and will create greater…
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