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Ripple News

Ripple Raises $275 Million for Prime Expansion

Ripple Raises $275 Million for Prime Expansion

The financing follows the Hidden Road acquisition and is meant to speed up Ripple Prime’s U.S. clearing and prime brokerage services. KBRA gave the notes a BBB rating.

Ripple focuses on fast and efficient international payments using blockchain technology.

Ripple is best known for XRP and solutions for cross-border payments. The project is often discussed in connection with banks, regulation, and financial infrastructure.