Ripple CEO Working on Multiple Potential Deals: “We’re in a Very Strong Position”

Brad Garlinghouse, the CEO of Ripple, says that he wants to use the company's "strong" balance sheet" to make further investments in the blockchain space.

The Ripple CEO's comments came during an interview with Yahoo Finance UK's Oscar Williams-Grut published on Friday (August 9).

Garlinghouse said that his company was working on multiple potential deals following the $30 million investment in MoneyGram, one of the largest global money transfer companies.

On June 17, MoneyGram issued a press release that stated that it had signed an agreement with cross-border payments specialist Ripple that would allow MoneyGram to use Ripple's XRP-powered product xRapid as part of MoneyGram's "cross-border payment process."

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