Visa Buys Ripple-Partnered Fintech Firm

Credit card company, Visa, acquired Earthport, a regulated financial institution and Ripple Labs partner, for $256 million USD. 

Earthport and Ripple Labs partnered  in 2014. Earthport launched its distributed ledger hub in 2016. The hub added to its development of a currency-agnostic network for payments. It allowed banks to use its hub to enter the cryptocurrency and blockchain fields.

Bank of America also has purchased blockchain technology patents. The separate moves by two finance giants could signal blockchain acceptance in the finance world.

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