Crypto NewsRipple (XRP)

Visa acquires Ripple partner CurrencyCloud for $ 925 million

                                                            Visa – das führende Zahlungsabwicklungsunternehmen – hat die Übernahme von CurrencyCloud für satte 700 Millionen britische Pfund im Wert von rund 925 Millionen US-Dollar abgeschlossen.
  • In a December 20 press release, payment processing mogul Visa announced that it had completed its acquisition of CurrencyCloud.
  • The latter is a platform that enables banks and fintech companies to provide forex solutions for cross-border payments.
  • The acquisition is valued at £ 700 million, or approximately $ 925 million, according to the agreement signed in July this year.
  • CurrencyCloud also confirmed the news via their Twitter account:

Exciting times are ahead of Currencycloud as @Visa announces completion of the acquisition.

We look forward to working together to bring greater transparency, flexibility and control to companies moving money around the world! pic.twitter.com/R5BCYjgGHg

– Currencycloud (@Currencycloud) December 22, 2021

  • It’s also worth noting that CurrencyCloud has partnered with it Ripple again in July 2020.
  • The focus of this partnership is on processing cross-border payments on RippleNet.
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Source: Crypto News Deutsch

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