Ripple Says GTreasury Acquisition Expanded Treasury Platform’s Global Banking Reach

According to the company statement, Ripple’s treasury platform now connects 13,000 banks and supports $12.5 trillion in payment volume through existing infrastructure.

Summary

Ripple said that following its acquisition of GTreasury, its treasury platform now connects 13,000 banks and handles $12.5 trillion in payment volume. The company also said the platform provides 100% cash visibility through existing infrastructure. The update points to Ripple’s effort to broaden its enterprise treasury capabilities, which typically focus on managing payments, liquidity, and cash positions across banking networks.

Terms & Concepts
  • Treasury platform: A system used by companies to manage cash, payments, liquidity, and banking relationships across accounts and jurisdictions.
  • Cash visibility: A treasury management capability that gives firms a consolidated view of available cash across bank accounts in real time or near real time.
  • Payment volume: The total value of transactions processed through a platform or network over a given period.