American payment services giant Visa Inc (NYSE:V). is acquiring Ripple partner Earthport Plc, a payment network for cross-border transactions, Reuters U.K. reported Dec. 27.
Founded in 1997, London-based Earthport is a financial services firm that offers cross-border payments service to banks and financial institutions. Earthport is a partner of tech company Ripple, where the partnership is aimed at integrating the Ripple protocol into the firm’s existing payment network to improve international transactions.