The tide is turning. Visa begins to redeem payment services, working c Ripple

The us payment services giant Visa has acquired the payment network for cross-border transactions Earthport Plc. The London company was founded in 1997 and provides services cross-border payments for banks and financial institutions. While Earthport is the partner technology company Ripple, in the framework of cooperation which provides for the integration of the Ripple Protocol to an existing payment network of the company for the sake of improving international transactions.

According to Reuters, the acquisition will cost $ 251 million. Therefore, the value of each share Earthport will be 38 cents, which is 4 times higher than the price at the close of the markets. According to information for the current year Earthport shares that are traded in the secondary market of the London stock exchange, has lost 28 per cent. This is what prompted the company to change fundamental strategy.

As reported by financial and business news, Finextra, in 2016, Earthport has launched APIs to connect banks to the Protocol of the distributed registry Ripple when processing cross-border payments. These measures were taken in order to allow banks to overcome the budgetary, technological and financial constraints.

Source: Ripple.net

In October, Cointelegraph reported that Visa is preparing their own system of digital identification is based on the blockchain “Visa B2B Connect”, and plans to run it for cross-border payments in the first quarter of 2019. It is reported that the system tokenserver confidential business data, Bank details and account numbers. It will provide them a unique cryptographic identifier that will be used to perform transactions on the platform.

Recall that the actual rate Ripple can be viewed in our class ranking cryptocurrency. And even more data look at cryptodata.

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