- Empowered by the partnership with Ripple, cost reductions and currency gains, MoneyGram has significantly improved both the top line and bottom line for the third quarter.
- Digital transformation to improve on transaction time puts it in a position of strength competitively.
- Net debt has been slightly lowered through higher liquidity, but remains on the high side.
- Outlook for the fourth quarter is positive.
- MoneyGram is a buy, but only for those looking for some exposure to blockchain.
For further details see:
MoneyGram International: Now Empowered By Blockchain