Ripple, the leader in enterprise blockchain and crypto solutions, today announced it has agreed to acquire Rail, a stablecoin-powered platform for global payments, for $200 million. With this deal, Ripple and Rail will deliver the most comprehensive stablecoin payments solution available in the market.
This acquisition will boost Ripple’s standing as the leader in digital asset payments infrastructure. Ripple Payments offers a broad payout network, market-leading digital asset liquidity, and a kit of more than 60 licenses to manage customers’ payment flows compliantly. Rail adds to Ripple’s capabilities with virtual accounts and automated back-office infrastructure, streamlining operations.
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“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.”
The Ripple and Rail Advantage As demand for stablecoin-based flows continues to rise, Ripple and Rail will enable customers to meet this market shift head-on.
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