Visa Inc, a global payment technology company, has disclosed its plans to acquire Earthport PLC, a UK-based cross-border payment firm. The deal is finalized at £198 million.

According to Earthport, shareholders can leverage the opportunity to enjoy good returns from their investments in the firm. The firm has also claimed that partnering with Visa will have a positive impact on its employees, customers, partners, and other shareholders.

Per sources, Earthport had partnered with Ripple in 2014. Consequently, it had integrated Ripple’s cross-border payments protocol into its existing payments network. The partnership was aimed at benefiting their customers with lower costs of liquidity management and maintenance of the regulatory standards. This has given to rise to a wave on social media that foresees a partnership between Ripple and Visa as well.