Ripple Acquires Rail for $200M, Gaining 10% of Global Stablecoin Payment Flow
The post Ripple Acquires Rail for $200M, Gaining 10% of Global Stablecoin Payment Flow appeared on BitcoinEthereumNews.com.
Ripple has agreed to acquire Rail for $200 million, as part of efforts to dominate stablecoin-based global payments. The San Francisco-based fintech company announced the development today. According to the announcement, the deal will enable Ripple and Rail to jointly offer the most comprehensive stablecoin payment solution the market has ever seen. Also, through the acquisition, Ripple intends to boost its longstanding leadership in digital assets payment infrastructure. Ripple has already gained a reputation in the payments sector, offering market-leading digital asset liquidity and a broad payout network. – Advertisement – The company has also secured over 60 licenses from global regulators to ensure it manages customers’ payment flows compliantly. By acquiring Rail, Ripple will integrate the firm’s virtual account system and automated back-office tools into its payments solution to simplify and enhance its transaction processing. Executive Commentary Commenting on the development, Ripple’s president, Monica Long, highlighted the growing relevance of stablecoins in modern finance. She stated that the latest acquisition will position Ripple for the “next phase of innovation and adoption of stablecoins and blockchain in global payments.” Moreover, Monica hailed Ripple’s network as one of the world’s most-used remittance platforms, noting that the acquisition will bolster its ability to move money across borders for clients. In a statement issued on X, Ripple’s CEO Brad Garlinghouse expressed excitement about the acquisition. He suggested that Ripple is moving at full speed even in an otherwise dull month. “Ripple and Rail together will be the go-to provider of stablecoin payment infrastructure for global financial institutions around the world,” he remarked. In reaction, Rail CEO Bhanu Kohli highlighted the company’s prowess in global B2B remittance over the past four years. He revealed that Rail is expected to process over 10% of the $36 billion global B2B stablecoin payments this year. Based on…
