Ripple to Invest in Japan’s SBI Subsidiary MoneyTap
Ripple plans to invest in MoneyTap, the blockchain payments app birthed through a joint venture between the San Francisco-based firm and SBI Holdings.
The new title and logo suggest Ripple has another payments product in the works.
The blockchain company's new Middle East and North Africa headquarters will be within the DIFC financial hub.
It is its first such sale of MoneyGram stock since the startup invested in the remittance giant in 2019.
Blockchain startup Ripple has joined an alliance of almost 1,000 major U.S. companies calling for a calm and fair election.
All in, Ripple has funded the money sender to the tune of over $52 million for providing liquidity to one of its payments products.