With over four decades of expertise in supporting treasury operations for renowned brands including Accenture, Cognizant, Boston Scientific, and Bank Australia, GTreasury is expected to enhance Ripple’s capabilities in the financial sector.
For too long, money has been stuck in slow, outdated payment systems and infrastructure, causing unnecessary delays, high costs, and roadblocks to entering new markets—problems that blockchain technologies are ideally suited to solve.
By combining the strengths of Ripple and GTreasury, Garlinghouse believes that treasury and finance teams can finally unlock trapped capital, facilitate instant payments, and explore new growth opportunities.
According to the announcement, the integration of GTreasury’s digital asset infrastructure with Ripple’s solutions will empower customers to move, manage, and optimize liquidity in real-time, expected to effectively address these challenges.
I’m excited for Ripple and GTreasury to help corporates move money around the world faster, cheaper, 24/7, and actively manage and grow their money through safe, more efficient solutions. It’s the Ripple platform put to work at the global corporate scale. The opportunity to unlock trillions of dollars in trapped capital for corporates is huge and ambitious—and did I say exciting? Here we go.
Despite this new development, the XRP price still reels with major losses of up to 20% over the past fourteen days, leading to a current trading price of $2.37, 34% below all-time high levels.
Featured image from DALL-E, chart from TradingView.com
