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Visa to Acquire Ripple Customer Currencycloud

u.today 22 July 2021 07:27, UTC
Reading time: ~1 m

Recently published press-release has stated that the global payments giant Visa has announced its firm plan to acquire Currencycloud, a global cross-border payments platform that runs on RippleNet.

*Visa To Acquire Currencycloud $V

— *Walter Bloomberg (@DeItaone) July 22, 2021

Visa to acquire a RippleNet member

Currencycloud provides state-of-the-art solutions to help banks and fintech firms to conduct cross-border payments seamlessly. It has more than 500 clients in the sphere of banking and fintech and operates in more than 180 countries.

The two companies have already been working in a partnership and Visa values Currencycloud at a whopping £700 million – that’s $962,780,000.

Besides, Visa already owns a substantial amount of the fintech firm’s equity.

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