Ripple Acquires Rail For $200 Million To Expand Stablecoin Payments Infrastructure
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.
Rail specializes in enabling international business payments using stablecoins and is forecasted to process over 10% of the $36 billion in projected B2B stablecoin flows this year.
By combining forces, Ripple and Rail aim to create a comprehensive platform for stablecoin-based payments, targeting enterprise customers who require streamlined access to crypto-native transaction rails.
Ripple currently offers a payment …
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