BREAKING: Ripple (XRP) Announces New $1 Billion Acquisition Deal

Ripple announced the acquisition of GTreasury a global leader in treasury management systems for $1 billion in a new step that strengthens its position as a leader in enterprise digital asset ￰0￱ to the company's statement

this agreement will open the doors to the trillion-dollar corporate treasury market for Ripple and give it direct access to the world's largest and most established ￰1￱ CEO Brad Garlinghouse said “For too long money has been trapped in slow and inefficient payment ￰2￱ increases costs and makes it difficult for companies to enter new ￰3￱ technology is an ideal tool to solve these ￰4￱ the combination of Ripple and GTreasury finance teams can now put their locked capital to work

process payments instantly and capitalize on new growth opportunities.” Related News: Sony Takes a Major Step Towards Cryptocurrencies As Fortune 500 companies accelerate their shift toward digital assets CFOs and treasury managers now need to manage stablecoins tokenized deposits

and other digital assets at ￰5￱ the GTreasury acquisition Ripple aims to address these needs providing its customers with instant liquidity management digital asset integration

and cross-border payment ￰6￱ CEO Renaat Ver Eecke commented on the deal: “This acquisition is a milestone for treasury ￰7￱ combining Ripple's speed global network and digital asset solutions we are shifting from managing capital to truly activating it.” GTreasury's platform is considered the industry standard for risk management

foreign exchange solutions and ￰8￱ acquisition marks Ripple's third major deal of ￰9￱ company previously expanded its financial ecosystem with the acquisitions of prime broker Hidden Road and stablecoin platform ￰10￱ GTreasury deal is expected to close in the coming months following the necessary regulatory approvals. *This is not investment ￰11￱ Reading: BREAKING: Ripple (XRP) Announces New $1 Billion Acquisition Deal