Financial services giant Visa has acquired Currencycloud, which provides an interface for business-to-business cross-border payments, currency exchange transactions. Currencycloud has been partnering with Ripple since August 2020.
Visa for customers of companies with this purchase in cross-border transactions transparency, flexibility and speed aiming to improve such qualifications. Earlier Currencycloud The acquisition of Visa, which is known to have a certain stake in the company, is thought to be a strategic move between the two companies. Moreover, Visa last year was a Japanese financing firm. SBI and was an investor in Currencycloud’s financing round.
Currencycloud, in regions where regulations suppress small and medium-sized businesses Ripple’s payment network to discover new ways to pay internationally RippleNetjoined the
Visa will allow digital assets to be used in daily payments in the future. a much larger role He believes he will play. For this reason, the payment giant has taken serious steps to add crypto services to its services in the last few months.