Visa Acquires Ripple Partner Earthport For $250 Million

Visa Acquires Ripple Partner Earthport For $250 Million


Credit card giant Visa Inc. is acquiring British payments firm Earthport for $250.6 million. Earthport — which provides cross-border payment services to banks and businesses — has been partners with Ripple, the blockchain-based payment network, since 2015. Under the merger, Visa paid four times Earthport’s closing stock price on December 26, Reuters reported. Visa was interested in acquiring Earthport

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Posted by Samantha Chang on December 29, 2018 @ https://www.ccn.com/visa-acquires-ripple-partner-earthport-for-250-million/

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