Ripple Acquires GTreasury for $1 Billion, Expanding into Corporate Finance

Ripple has made a significant acquisition by purchasing GTreasury, a leading provider of corporate treasury and risk management services, for $1 billion. This move positions Ripple to target Fortune 500 clients within the financial technology sector, specifically aiming to bolster their capabilities in corporate finance. CEO Brad Garlinghouse played a key role in guiding Ripple towards this strategic expansion.