Ripple Labs, a well-known payments company, announced plans to acquire the global payment system Rail for $200 million, underlining its commitment to the stablecoin market.
Ripple Strengthens Its Position in Stablecoin Payments
The Rail platform was built for handling large-scale business payments using stablecoins, including Ripple’s RLUSD and XRP. It is expected that by the end of 2025, Rail will process over 10% of the $36 billion business payments market.
Making Global Payments Easier for Institutions
Monica Long, President of Ripple, emphasized the value of combining Ripple’s global reach with Rail’s real-time settlement capabilities. Modern businesses face challenges like slow payments and high fees, and Ripple's new platform aims to address these.
Ripple’s Broader Effort to Become a One-Stop Shop for Digital Finance
Ripple has already made several acquisitions this year to support its growth. New licenses obtained in New York and Texas facilitate cooperation with banks. The company is also applying for a trademark called 'Ripple Custody', indicating its plans to launch safe storage services.
The acquisition of Rail marks a significant step for Ripple in strengthening its position in the stablecoin and digital finance markets, potentially simplifying international transactions for financial institutions.
