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Just-in: VISA acquires RippleNet Partner CurrencyCloud for $950 Million

Visa, the payment processing giant has signed a definitive agreement to acquire cross-border remittance provider Currencycloud, the deal is valued at £700 million or $950 million inclusive of cash and retention incentives. Both the companies were already in a strategic partnership before the acquisition. Currencycloud is also a RippleNet partner which means it uses Ripple-made

Visa, the payment processing giant has signed a definitive agreement to acquire cross-border remittance provider Currencycloud, the deal is valued at £700 million or $950 million inclusive of cash and retention incentives. Both the companies were already in a strategic partnership before the acquisition. Currencycloud is also a RippleNet partner which means it uses Ripple-made