Moneygram International Incorporated (MGI): I'm going to begin to watch this company...

Moneygram International Incorporated (MGI)

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Imperial Whazoo

Re: None

Thursday, 01/18/2018 8:59:38 AM

Thursday, January 18, 2018 8:59:38 AM

I'm going to begin to watch this company as a crypto play due to the following article:
https://gadgets.ndtv.com/internet/news/moneygram-partners-with-blockchain-firm-and-bitcoin-rival-ripple-1799366

From that article:

"...the money-transfer company said it partnered with blockchain firm and Bitcoin-rival Ripple.

As part of the arrangement, MoneyGram will test the use of Ripple's cryptocurrency, XRP, to move funds in a faster and cheaper way."

One of my ideas, as the disruptive technologies known collectively as "Blockchain" increase in their impact on everything, is to watch the companies that the big boys are able to play, my theory being that, if a hedge fund or retirement fund or ETF or mutual fund can begin to accumulate shares within whatever rules govern their ability to buy any given company, then the companies that will benefit are the companies that the big boys can buy. MGI is big enough, well known enough, shortable, traded on a big enough exchange.... and so forth.

So, with their announcement that they will be partnering with Ripple, I think MGI fits the bill.

Just my opinion.

Imperial Whazoo

"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."