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Benzinga
Benzinga
Business
Murtuza J Merchant

Ripple Acquires Rail For $200 Million To Expand Stablecoin Payments Infrastructure

Rail Ripple XRP Crypto
The,Macro,Coin,Cryptocurrency,Ripple,And,Word,Map.

Ripple (CRYPTO: XRP) on Thursday announced an agreement to acquire Rail, a stablecoin-powered global payments firm, for $200 million.

The deal is designed to strengthen Ripple's position in enterprise blockchain-based payments by integrating Rail's back-end infrastructure and virtual account capabilities into its existing suite of regulated services.

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