Ripple Acquires GTreasury: Major Step Towards Transforming Corporate Payments

Ripple has made a significant move in the financial world by acquiring GTreasury, a leading provider of treasury and risk management software for corporations. This $1 billion acquisition positions Ripple to enter the vast and complex corporate treasury payments market valued at $120 trillion. The move marks a strategic shift for Ripple beyond its traditional focus on cross-border remittances, aiming to establish itself as a leader in institutional financial services.