More than that MoneyGram is a loss making entity with a negative equity. This is just an attempt by MoneyGram to pull a Kodak (last ditch attempt to stay afloat by attaching itself to "cypto" currency bandwagon)
Considering the mining power of blockchain resides in China, they should have paid a visit to Bitmain facility to learn more about it. Methinks it is just a spin given by coindesk website.