The San Francisco-based crypto firm will add the startup’s technology to its payments services. Ripple expects the deal to close in the fourth quarter, subject to regulatory approval. (The Logic)
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The San Francisco-based crypto firm will add the startup’s technology to its payments services. Ripple expects the deal to close in the fourth quarter, subject to regulatory approval. (The Logic)
Talking point: Founded in September 2021, Rail promises to help banks and other financial firms settle payments for their clients much faster by converting regular money into stablecoins as it moves between accounts. The startup raised a US$10.7-million Series A round in July 2024, led by crypto fund Galaxy Ventures. Ripple launched a stablecoin pegged to the U.S. dollar in December. It also issues the XRP token. The Trump administration has successfully set new rules allowing banks and other companies to issue stablecoins, which regulators and crypto sector executives believe will help popularize them as a payment method.
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