Eric Trump revealed that his family has earned more than $1 billion from crypto. Tension with China continues and the BTC price dropped to $107,577 at the time of writing. Developments on the US front have been going on for days cryptocurrency It caused investors to face billions of dollars in liquidation. Amidst all this chaos, Ripple 
$2.40 announced its new billion-dollar investment.
Ripple News
The company announced minutes ago that it acquired GTreasury, the world leader in treasury management systems, for 1 billion dollars. The company took this step to provide faster access to corporate customers GTreasury He will benefit from his 40 years of experience. Ripple, which had made 2 other major acquisitions before, acquired 3 large companies this year with an investment of around 3 billion dollars.
Ripple CEO Brad said:
“For too long, money has been trapped in slow and outdated payment systems and infrastructure, causing unnecessary delays, high costs, and barriers to entering new markets. Blockchain technologies offer an ideal solution to solve these problems.
“The capabilities of Ripple and GTreasury come together to deliver the best of both worlds, so treasury and finance teams can finally leverage their trapped capital, process payments instantly, and create new growth opportunities.”
GTreasury CEO Renaat Ver Eecke said that this acquisition was a turning point for them;
“This acquisition is a turning point for treasury management. We are focused on delivering the most compatible and feature-rich solutions to companies around the world. Now, by joining Ripple, we are accelerating our vision from managing capital to activating it. Combining our foundations of cash insight, risk management and compliance with Ripple’s speed, global network and digital asset solutions, we will help treasury managers navigate the new digital economy.” “We offer liquidity, payments and the opportunity to manage risk.”
What is GTreasury?
They provide companies’ finance directors and balance sheet managers with a highly adaptable treasury management platform. GTreasury provides clarity to companies’ finance teams to make strategic financial decisions and shows them every aspect of the status of company treasuries.
This platform, which connects financial managers, banks and ERPs and provides coordinated data flow, serves more than 1000 corporate customers in 160 countries. The company is based in the USA and the services it will offer integrated with blockchain will support the future of Ripple.
