Just a few days after announcing the end of its partnership with Moneygram, the fintech firm Ripple Labs is now moving to dispose of its stake in the listed company. In a filing with the U.S. Securities and Exchange Commission (SEC), Ripple says it has entered into an agreement with Jefferies in which the latter is expected to execute “the orderly disposition of a portion of the former’s stake in Moneygram.” Ripple and Moneygram Partnership Maybe Revisited As the filed document explains, this agreement mandates Jefferies, a U.S. based diversified financial services company, to “sell up to 8,195,123 shares on behalf of Ripple.” However, this plan to offload the stock, which was expected to have commenced on March 11, is set to “expire upon the earliest of September 30, 2021.” At that point, “the maximum amount shall have been sold, or the occurrence of certain other customary events affecting the issuer.” Still, despite taking these steps to end the business relationship, Ripple di
Official Bitcoin Latest News Blog 🗞️