Quick take:
Ripple offers a payout network, digital asset liquidity, and a kit of more than 60 licenses to manage customers’ payment flows compliantly.
By integrating Rail, the enterprise blockchain solutions provider is further streamlining operations with virtual accounts and automated back-office infrastructure.
The acquisition further boosts Ripple’s flexibility for stablecoin on/off ramps and third-party treasury payments.
Ripple, a leading provider of enterprise blockchain solutions, has announced the acquisition of a stablecoin-powered platform, Rail, in a deal valued $200 million.
The company plans to leverage Rail’s stablecoin-powered platform to boost its digital payments infrastructure, delivering “the most comprehensive stablecoin payments solution available in the market,” the company said in a press release on Thursday.
Ripple offers a payout network, digital asset liquidity, and a kit of more than 60 licenses to manage customers’ payment flows compliantly. By integrating Rail, the enterprise blockchain solutions provider is further streamlining operations with virtual accounts and automated back-office infrastructure.
This acquisition further boosts Ripple’s flexibility for stablecoin on/off ramps and third-party treasury payments. It also allows Ripple to provide competitive pricing and high-value tickets across a variety of digital assets like RLUSD, XRP, and others.
The virtual account and collections integration also enables customers to transact with cryptocurrencies without the need to open a dedicated crypto account or wallets on centralized exchanges, Ripple said. It also connects customers to a globally regulated payment network with over 60 licenses that is open 24/7, 365 days a year.
“Stablecoins are quickly becoming a cornerstone of modern finance, and with Rail, we are uniquely positioned to drive the next phase of innovation and adoption of stablecoins and blockchain in global payments,” said Monica Long, Ripple President. “Ripple has one of the most widely used digital asset payment networks in the world, and this acquisition underscores our commitment to helping our global customer base to move money wherever and whenever they need.”
Bhanu Kohli, Rail CEO, commented: “Over the last four years, Rail built the fastest way to settle business payments internationally using stablecoins, and in 2025, Rail is forecasted to process over 10% of the $36B global B2B stablecoin payments. Ripple shares our vision, and together, we’re excited to bring our innovation to the millions of businesses that move money internationally.”
Stay on top of things:
Subscribe to our newsletter using this link – we won’t spam!
Follow us on X and Telegram.
The post Ripple Acquires Stablecoin-Powered Payments Platform Rail for $200 Million appeared first on NFTgators .
