📱 Ripple announced that it will acquire the stablecoin payment platform Rail for USD 200 million. The deal is expected to close by the end of the year.
The firm plans to support payments through various digital assets, including Ripple USD (RLUSD) and XRP. The platform will also streamline third-party and treasury payments, virtual accounts, collections, 24/7 integration through a single API, enterprise-level regulatory compliance, and access to a multi-bank partner network.
Source: Artemisia Analytics
