Ripple unveils acquisition of Rail for $200M

#Ripple has entered an agreement to acquire #Rail , a stablecoin-powered platform for global payments, in a $200M deal. The acquisition, expected to close in Q4 of this year pending regulatory approval, will allow Ripple and Rail to offer a comprehensive stablecoin-based payments solution on the market.

Ripple is a blockchain-based digital payment network and protocol that uses the #XRPLedger blockchain and $XRP . Ripple provides cross-border payment and crypto liquidity services to businesses.

👉 ripple.com/ripple-press/ripple-to-acquire-rail-for-200m-expanding-leadership-in-stablecoin-payments/