Why XRP (Ripple) Is Soaring Today
XRP (CRYPTO: XRP) is gaining on Friday. From 4 p.m. ET yesterday, the cryptocurrency is up 5.1% as of 3:52 p.m. ET. The move comes as Bitcoin was mostly flat.
Ripple, the company behind XRP, announced a major acquisition that could help boost XRP demand.
Ripple announced yesterday that it has agreed to purchase Rail, a stablecoin platform, for $200 million. Ripple says that the acquisition will deliver the "most comprehensive stable coin payment solution on the market."
Source Fool.com
