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$mgi $7.0 ^ 0.14 (2.04%)
Volume: 2,450,226 @03/19/21 6:56:45 PM EDT
$MGI disclosed their Ripple payments-they can't be sued
https://cryptobriefing.com/moneygram-discloses-11m-payments-from-ripple/
MGI new bottom in $6.xx how are those $2s and $3s coming along?
those $10s and $11s were nice exits for $$$$
options = $$$ yum yum
how is it going? lol
added 5000 more shares today. thank you for low $7s
down $4 in two days. low floater for sure but damn, this can move up fast again
it did, now its reload time near $7-$8
all my call options on friday at $9-11 called away
back in loading here. added 8000 shares under $8.25
Mmmm thanks for the big dip
$mgi $10.9 ^ 0.03 (0.28%)
Volume: 3,093,051 @02/19/21 7:52:33 PM EST
Heard a rumor a Japanese bank may be buying at 20
$11 hit today :) hows that $2-$3 price target coming along?
rumor, Japanese buyer 20
MGI go boom
The option premiums are sexy.
Covered calls galore $$$
Hi lookin great here MOney gram back to wher they belong
MGI $9+ COMETH
$mgi $7.85 v -0.51 (-6.10%)
Volume: 4,444,965 @02/02/21 7:53:20 PM EST
Good earnings to come
Will break $10 soon
MGI breaking out today! Glad I held. Looks like 9-10 dollars coming soon imo.
MGI looking good. Been holding a few of these for a while. I would not be surprise seeing this over 9 dollars after the next earnings report.
MGI heading a lot higher buddy
already 5 million shares traded
MGI price target upgraded to $9.5
i pays to be on the right side of the trade ;)
MGI-hello $7 :)
thanks again for those low $5s ;)
hows that $2 price prediction coming along?
someone has been quiet. hope u bought some under $6
I was well aware of this, nother guy on here does not.
I own xrp for about 3 years now.
Im very well versed with crypto.
Yes, MGI utilizes XRP.
A press release by MGI on 6/17/2019 states the partnership with Ripple "will enable MoneyGram to utilize Ripple's xRapid product, leveraging XRP in foreign exchange settlement as part of MoneyGram's cross-border payment process".(1)
MGI did not stop using XRP for the stated purpose. The press release on 12/23/20 reaffirmed that they do use XRP through ODL (xRapid) "for the purchase or sale of four currencies." (2)
This press release also reminded everyone that MGI doesn't use XRP through ODL* for "direct transfers of consumer funds – digital or otherwise". (2)
In sum, MGI uses XRP through ODL for foreign exchange settlement. They never claimed to use it for anything else.
(1) https://ir.moneygram.com/news-releases/news-release-details/moneygram-announces-strategic-partnership-ripple
(2) https://ir.moneygram.com/news-releases/news-release-details/moneygram-statement-sec-action-against-ripple
* ODL is xRapid's new name
$mgi $6.3 ^ 0.01 (0.16%)
Volume: 4,850,899 @01/06/21 7:53:41 PM EST
Ripple did not sell its entire stake in MGI.
Of 6,237,523 MGI shares (1), Ripple sold a total of 2,043,930 (2).
That left them with 4,193,593 MGI shares (2).
In addition to that, Ripple "holds the Initial Warrant and the Additional Warrant, which the Reporting Person may exercise, in whole or in part, for up to an additional 5,957,600 shares" (1)(2).
That is 10,151,193 total shares out of MGI's 72,517,539.
This gives Ripple a total equity position in MGI of approximately 14%.
That's a substantial position.
(1) https://sec.report/Document/0001104659-20-129908/
(2) https://sec.report/Document/0001104659-20-132515/
MGI up again pre market. :)
up $1+ in profit just on the new shares i added near $5 :)
pretty quiet
MGI up 23% today LOLzzzzzzzzzzzzzzzzzzzzzz
MGI-weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee $-_-$
i still see double digits in MGI's near future
MGI announces 142% yr/yr cross border transaction growth
how u like them apples?
We dropped from $8+ and still falling, ofcourse we will have some smaller rebounds on supportlines. If that makes you happy, very nice. Only time will tell who's right... just keep buying ;)
MGI trading at .34 x sales- its cheap no matter what anyone says
11 straight months of digital growth and fiat flying everywhere
the federal reserve is killing the US $1. once the dollar truly bottoms, it will be time to sell ALL STOCKS
Jan 15 calls $7 strikes -premium is 30 cents :)
sure guess MGI is heading to $3 lol
someone is pretty quiet today. wonder why. MGI going to double digits in 2021
5.76 how u like them apples? oversold, bottom is in ;)
That is simply not true, and is quite alarming. Ripple also sold their entire stake in MGI after last pump. Very strange situation as both parties seemed to have used eachother to hype their own stock/crypto.
"As a reminder, MoneyGram does not utilize the ODL platform or RippleNet for direct transfers of consumer funds – digital or otherwise. Furthermore, MoneyGram is not a party to the SEC action. "
https://www.prnewswire.com/news-releases/moneygram-statement-on-the-sec-action-against-ripple-301198284.html
https://cointelegraph.com/news/ripple-has-sold-15m-of-its-stock-in-moneygram
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US-based MoneyGram International, a money transfer company, and National Commercial Bank have entered into an agreement to offer MoneyGram's international money transfer service at the bank's 1,400 ATM locations in Saudi Arabia.
MoneyGram's money transfers at National Commercial Bank (NCB) will be sent over the bank's Quickpay platform. Initially, only send services will be available.
Anthony Ryan, president and CEO of MoneyGram International, said: "Saudi Arabia is the second largest send market in the world behind the US, and our alliance with a premier financial institution like NCB represents a significant opportunity for MoneyGram's expansion plans in the Middle East."
Alasharif Khalid Alghalib, senior executive vice president and head of the individual banking sector of NCB, said: "Together with MoneyGram, we can now claim to offer our customers simply the best way to send their money to loved ones back home, using the largest money transfer network in Saudi Arabia.
"With our partner, we have removed the inconvenience of standing in line during office hours and are providing expatriate clients a service that is secure and quick; but above all, flexible and tailored to meet their needs."
ICBC), Bank of Communications (BCOM), CITIC Bank, China Industrial Bank, Shengjing Bank (former Shengyang Commercial Bank); Shenzhen Ping An Bank and Anshan Bank.
Main office
1550 Utica Avenue South
Minneapolis, MN 55416
Phone: 952-591-3000
www.moneygram.com
Background
MoneyGram International, Inc., through its subsidiaries, provides payment services. It operates through two segments, Global Funds Transfer and Payment Systems. The Global Funds Transfer segment provides money transfer services, money orders, and walk-in and electronic bill payment services to consumers, such as unbanked, underbanked, and convenience users. This segment also offers its money transfer services on the Internet, as well as through a network of retail agents in North America, Latin America, western Europe, the Middle East, the Indian subcontinent, the Asia Pacific, eastern Europe, and Africa. It sells its money orders under the MoneyGram brand, as well as on a private label basis or co-branded with retail agents. This segment's bill payment suite of services enables convenience payers, just-in-time payers, and delinquent debtors to pay bills through its network to credit card companies, mortgage companies, auto finance companies, telecom companies, satellite companies, property management companies, and third-party bill collectors. The Payment Systems segment primarily provides payment processing services, which include official check outsourcing and sale of money orders, as well as automated clearing house processing services to financial institutions, thrifts, and credit unions. MoneyGram International distributes its products through a network of sales and marketing teams to agent distribution channels, such as general merchandise, grocery, drug and convenience store retailers, check cashing, and bank locations. The company was founded in 1926 and is headquartered in Minneapolis, Minnesota.
MoneyGram International (NYSE:MGI), a global money transfer company, and Bank of China, a pillar of China's banking community and Global Fortune 500 Company, announced today plans to begin offering MoneyGram money transfer services at all 200 Bank of China locations in Beijing in anticipation of expanding into the full Bank of China network.
"We are pleased to launch MoneyGram money transfer services to our Bank of China locations in Beijing, bringing value to our customers, widening the array of services that we offer, and also satisfying the demand for international money transfer service within the local and overseas Chinese population," said Mr. Feiqi MEI, Deputy General Manager, of Bank of China, Beijing branches.
MoneyGram International executives Pamela H. Patsley, executive chairman; and Anthony Ryan, president and chief executive officer, met today in Beijing with leaders from Bank of China as well as other leading agents on the mainland to discuss the common goal of bringing needed financial services to the people of China.
"International expansion is a key growth strategy for MoneyGram," said Patsley. "China represents a vast opportunity for MoneyGram to expand its global network and deliver on its commitment to provide safe and reliable money transfer services to people in every corner of the world."
Ryan said, "Our strategic alliance with a financial institution such as Bank of China reflects an important milestone and significant opportunity for MoneyGram's expansion plans in China. Through Bank of China's impressive national network spanning urban cities and rural towns across mainland China, MoneyGram is able to meet the needs of consumers in one of the largest remittance markets in the world by ensuring that our services are accessible and convenient."
The demand for money transfer services is driven by the growing number of Chinese studying, traveling, working and migrating abroad. The alliance between MoneyGram and the Bank of China provides customers in China with more options for safe, convenient and reliable money transfer services. To send or receive money in China, customers can walk into any MoneyGram agent location, complete a simple form and show a photo identification to transfer funds in as little as 10 minutes, subject to agent availability and hours of operation. All fees are paid by the sender.
MoneyGram, with nearly 15,000 agent locations in the Asia Pacific region, has been providing services in China since 1994. In China, agents include Industrial & Commercial Bank of China (
About MoneyGram International
MoneyGram International offers more choices and more control for people separated from friends and family by distance or those with limited banking relationships to meet their financial needs. A leading global provider of money transfer services, MoneyGram International helps consumers to safely send money around the world in as little as 10 minutes. Its global network is comprised of 176,000 agent locations in 190 countries and territories. MoneyGram's convenient and reliable network includes retailers, international post offices and financial institutions. To learn more about money transfer at an agent location, please visit www.moneygram.com.
SOURCE: MoneyGram International
MoneyGram International Rong Li, 8610-6310-0088-826 rong.li@fortunechina.com.cn Or Lynda Michielutti, 952-591-3846 lmichielutti@moneygram.com
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