The supporter of blockchain-based payment services is partnering with private equity firm Advent on the potential deal.
The money transfer company will debut cash-for-bitcoin trades at 12,000 locations after linking up with Coinme.
This ends an agreement the two companies had put on hold in February.
Rosen Law Firm believes MoneyGram investors may be entitled to compensation after the SEC alleged XRP is a security.
The money transfer company said it "is not planning for any benefit from Ripple market development fees" in Q1. In last year's Q1, MoneyGram banked $12.1 million in such fees.
"MoneyGram will continue to monitor the situation" following an SEC lawsuit against its part-owner, Ripple, a spokesperson told CoinDesk.
It is its first such sale of MoneyGram stock since the startup invested in the remittance giant in 2019.
All in, Ripple has funded the money sender to the tune of over $52 million for providing liquidity to one of its payments products.
Goldman Sachs and its subsidiaries have sold 9% of their total position in the Ripple-partner MoneyGram – worth approximately $6.5 million.
With the $15.1 million in Q2, MoneyGram has so far received $43 million for providing liquidity for Ripple’s XRP-based settlement system.
Payments firm Ripple has given MoneyGram over $11 million dollars in the past half year, according to regulatory filings with the Securities and Exchange Commission.
Money transfer giant MoneyGram will use Ripple's xRapid and the XRP cryptocurrency to settle cross-border transactions as part of a new partnership.
Coming off several weeks of intense criticism enterprise blockchain startup Ripple has revealed several clients using its native cryptocurrency, XRP.
International money-remittance firm MoneyGram is partnering with Ripple to test the startup's XRP token for international payments.
MoneyGram still doesn't think bitcoin will impact its business – but it sees blockchain-powered banks as a potential way for it to cut costs.