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Can Interswitch Go for MoneyGram To Boost Verve?

Posted by Staff Writer on November 1, 2020 in Technology News Site | 4 Views

By Ndubuisi Ekekwe MoneyGram has been severely wounded by Transferwise and WorldRemit as the architecture of the remittance sector continues to evolve. Things are so bad that Ripple is injecting $50 million for a 15% stake. That money will help MoneyGram modernize by running digital token XRP. Yet, I do not see how that would help in the long-run. If not for antitrust issues, Western Union can just buy MoneyGram since the U.S. government blocked Alibaba’s Ant Group from buying it. The Chinese wanted to pay $1.2…

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Source:: Tekedia

      

Posted in Technology News Site | Tagged Canada, europe, North America, Technology News

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