Reported 14 days ago
Ripple, the fintech company behind XRP, has acquired treasury management firm GTreasury for $1 billion, marking its third major deal this year. This acquisition aims to facilitate the management of crypto assets within corporate treasuries, enhancing cash flow analysis and payment systems. CEO Brad Garlinghouse stated that this move reflects a broader shift in the financial world towards digital assets, addressing the inefficiencies of traditional payment systems and supporting businesses in navigating the new digital economy.
Source: YAHOO