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Meta Plans to Acquire Ripple for XRP, RLUSD:
Fact Check
Fact Check Is Meta Acquiring Ripple
Rumors are swirling across the fintech and crypto communities over a potential acquisition of Ripple Labs by tech giant Meta. This speculation fueled by a recent interview on the TechPath YouTube channel featuring XRP Las Vegas event director Bradley Kimes.
Is Meta Planning to Acquire Ripple?
During the discussion, Barrow highlighted Meta CEO Mark Zuckerberg’s renewed interest in stablecoins and cross-border payments, an area Ripple has long been involved in. Hence, if materialized, Meta’s rumored acquisition could involve interest in Ripple’s XRP and RLUSD stablecoin.
“Could we see a potential end-around here with someone like Meta going after Ripple?” Barrow asked. Here, he referenced Zuckerberg’s comments on the profitability of cross-border payment systems. “Zuckerberg just said that it would double their profit if they could get into cross-border payments.”
