By CCN Markets: Blockchain payment company Ripple on Monday announced that it is going to buy up to $50 million worth of stakes in MoneyGram, the second largest money transfer service in the world. The news helped Ripple’s native token XRP rise by more than 8 percent on the day. The blockchain asset established an intraday high towards $0.463 but, down the road, failed to continue the upside action. The XRP-to-dollar exchange rate today corrected by as much as 7.15 percent, falling to an intraday low of $0.430 on Coinbase exchange. As of 0810 UTC, the pair was attempting a
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