Ripple to Boost Stablecoin, XRP Payment Services With $200 Million Rail Acquisition
In brief Ripple has agreed to acquire Rail for $200 million. The Canadian stablecoin platform has key compliance features. The companies will promote RLUSD and XRP’s use in payments. Ripple has entered into a $200 million agreement to purchase Rail, a Toronto-based payments platform, the tech firm said in a press release on Thursday.The acquisition…