Ripple Acquires GTreasury for 1 Billion Dollars

Ripple announced that it will acquire the treasury software firm GTreasury for 1 billion dollars. This strategic move aims to add cash and risk management tools to Ripple's blockchain financial application.

Ripple is undergoing a rapid expansion process in the financial services sector this year. First, it acquired the stablecoin payment company Rail and then the prime brokerage firm Hidden Road, aiming to increase its presence in the industry.