According to Nairanomics, cryptocurrency Ripple (XRP) recently disclosed it is selling roughly 33% of its stake in MoneyGram. This marks the first time Ripple has sold shares of its Moneygram investment from 2019. Documents revealed to the U.S. Securities and Exchange Commission show they own roughly 8.6% of shares outstanding in Moneygram or 6.22 million shares, including a warrant to purchase another 5.95 million shares for a total equity position of 12.2 million shares or 17% of MoneyGram’s shares outstanding. Ripple disclosed it will be selling around 33.3% of its entire stake to own about 4.4% of MoneyGram, compared to 10% in 2019. This takes their investment from about $71 million to about $47 million, selling about $23 million. $A Ripple spokesperson was quoted, “This is purely a judicious financial decision to realize some gains on Ripple’s Moneygram investment,” and added, "the sale is in no way a reflection of the current state of our partnership.” Today, MoneyGram has recorded nearly $9 million in profit from its partnership with Ripple. According to the report, MoneyGram’s fastest-growing product is MoneyGram direct-to-consumer channel (MGO) with 111% growth in transactions in one year and 114% growth in profits. Their cross-border transactions grew 176% and their revenue increased similar 174% over the same year. Moneygram has a market cap of $538 million and processed $1.28 billion in transactions in 2019. Ripple has a market cap of $13 billion and processes about $554 million per day.