Ripple to acquire GTreasury from Hg for $1bn.

Ripple, a provider of digital asset infrastructure, agreed to acquire GTreasury, an adaptable treasury solutions provider, from Hg, a private equity firm, for $1bn. “For too long, money has been stuck in slow, outdated payments systems and infrastructure, causing unnecessary delays, high costs, and roadblocks to entering new markets – problems that blockchain technologies are ideally suited to solve. Ripple’s and GTreasury’s capabilities together bring the best of both worlds, so treasury and finance teams can finally put their trapped capital to work, process payments instantly, and open up new growth opportunities,” Brad Garlinghouse, Ripple CEO.