Visa Acquires Ripple Partner CurrencyCloud for $925 Million

Visa – the leading payment processing company – has completed the acquisition of CurrencyCloud for a whopping 700 million British pounds, worth around $925 million.

In a press release from December 20th, the payment processing mogul Visa announced that it had completed the acquisition of CurrencyCloud.
The latter is a platform that allows banks and fintech companies to provide foreign exchange solutions for cross-border payments.
The acquisition is worth 700 million British pounds or about $925 million, according to the deal that was signed back in July this year.
CurrencyCloud also confirmed the news through their Twitter account:

Exciting times ahead for Currencycloud as @Visa announce the completion of the acquisition.

We look forward to working together to bring greater transparency, flexibility and control for businesses moving money around the world!

— Currencycloud (@Currencycloud) December 22, 2021

It’s also worth noting that CurrencyCloud partnered up with Ripple back in July 2020.
The focus of this partnership is to process cross-border payments on RippleNet.

Read More?

Post is imported from RSS feed, by one of our guest editors. G6 does not edit or moderate the content. G6 is not responsible for your actions. No rights owned by G6. To remove the post, please email us at [email protected]

No Comments

Sorry, the comment form is closed at this time.