Ripple has taken a daring step to strengthen his position in the world of cryptography, and this time, these are faster and easier payments. The company plans to buy Rail, a startup that helps companies send money through borders using Stablecoins.
This $ 200 million offer is more than a simple expense, it shows that Ripple is seriously to build real world products around XRP.
Ripple plan to buy rail
In a recent blog article, Ripple announced its rail purchase plan, a payment platform based on stables based in Toronto, for $ 200 million. The company says that this transaction will help Ripple and Rail to offer one of the payment solutions for the most complete stabbed available today.
Ripple is already known to help companies move money quickly and safely using blockchain. It has licenses in more than 60 countries and offers tools that facilitate global transfers.
By adding Rail services, Ripple will now also offer virtual accounts and smarter tools to manage payments behind the scenes. This means less delays, less paperwork and a more fluid money movement for businesses.
Why stablecoins are a big problem in this
The president of Ripple, Monica Long, says that the stablecoins quickly become a key element in the financial world of today. She thinks that this agreement with Rail will help Ripple stay in advance while more and more companies are turning to the stablescoins for having sent money.
Rail already has a solid history. Its platform helps companies quickly move money using Stablecoins. In fact, it is expected to manage more than 10% of the world’s stablecoin payments in the world in 2025, worth more than $ 36 billion.
The CEO of Rail, Bhanu Kohli, says that the two companies share the same objective: to make world payments more quickly and easier. It is delighted to bring rail tools to even more companies thanks to this partnership.
Together, Ripple and Rail want to help millions of users send money across borders, with lower costs and less delays.
Ripple is still becoming solid
This is not the first big movement of Ripple. Last year, he bought Metaco, an cryptography on Switzerland, for 250 million dollars. Now, with the standard guard, Ripple adds even more licenses and tools to help create institutional quality financial products.
The company has already spent more than $ 3 billion on other offers and partnerships. It is clear that Ripple is serious to grow and stay ahead in the world of digital finance.
