Ripple Acquires Rail for $200 Million to Boost Stablecoin and Cross-Border Payments

Cryptocurrency giant Ripple has made a strategic acquisition, purchasing Canadian payment infrastructure company Rail for $200 million. This move is significant as it will expand Ripple’s network capabilities and support the growth of its RLUSD stablecoin. 🎧 Ripple’s acquisition of Rail comes just after they acquired another major player in the payments industry: Hidden Road for $1.25 billion. BankXRP, a prominent crypto commentator, shared an image highlighting this purchase with his followers on Twitter.