2025-05-16 06:37

BLOCKMEDIA

Image source: Block Media
# Ripple Labs Acquisition Rumors Swirl Around Meta: A Strategic Move in the Making?
Rumors are intensifying in the fintech and cryptocurrency sectors about Meta potentially acquiring Ripple Labs. These speculations stem from an interview with Bradley Kimes, director of the XRP Las Vegas event, on the TechPath YouTube channel, reported by Crypto Times on the 16th.
During the TechPath panel, panelist Barrow emphasized Meta CEO Mark Zuckerberg’s interest in stablecoins and cross-border payments, highlighting Ripple’s advanced technology. “Can you imagine a scenario where Meta targets Ripple?” Barrow asked, referring to Zuckerberg’s comments on the profitability of cross-border payment systems.
Kimes clarified that the discussion does not indicate any finalized deal but said, “Whether Meta is targeting Ripple or vice versa, we are at a point where such a development is plausible.” He added, “Meta clearly has a strategy. Whether acquiring Ripple is part of that strategy, I cannot confirm.”
Fueling the speculation, Zuckerberg’s earlier remarks at a Stripe-hosted event stressed the challenges of global remittances. He stated, “Global remittance remains a very tough problem. Someone has to create a stablecoin with the necessary scale to set the standard.” Barrow noted that Ripple’s user base of over 6.5 million could represent the scale Zuckerberg aims for.
# Meta’s Strategy and Emerging Crypto Trends
Meta’s recent hiring trends have further intensified these rumors. Ginger Baker, Meta’s Vice President of Product, has a background with key payment and blockchain organizations, including the Stellar Foundation, Plaid, and First Horizon.
Kimes pointed out broader industry trends, asserting, “Much like Ripple's rumored move to acquire Circle, these alignments signal the industry has reached a point of no return.”
The upcoming XRP Las Vegas event, set for May 30-31, is also drawing significant attention with expectations of major announcements. Kimes remarked, “Major news has always emerged from the stage at this event every year, including last year,” heightening anticipation for potential updates.
# Ripple and Meta: The XRP Community’s Perspective
If a partnership or acquisition between Meta and Ripple were to materialize, how would the XRP community react? Kimes expressed confidence, stating, “I believe they would support it. Ripple’s mission aligns with driving innovation and advancing technology for broader adoption.”
Both Ripple and Meta have remained silent on taking an official stance regarding these rumors. However, with speculation spreading, all eyes are on the XRP Las Vegas event for any announcements that might clarify the evolving narrative.
View original content to download multimedia: https://www.blockmedia.co.kr/archives/908846