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Ripple Rolls Out Crypto Custody Services For Banks, Putting XRP On Path To $1 Price Tag ⋆ ZyCrypto
The post Ripple Rolls Out Crypto Custody Services For Banks, Putting XRP On Path To $1 Price Tag ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement     San Francisco-based fintech firm Ripple is launching a new suite of crypto storage services designed to help banks and financial technology businesses securely store and manage crypto assets. Ripple Forays Into Crypto Custody According to CNBC, Ripple is set to introduce a slew of features to enable its banking and fintech clients to hold and maintain digital tokens. The move is part of a bigger push to broaden the reach of its budding business under its recently formed Ripple Custody subsidiary. These features include integration with Ripple’s blockchain platform, the XRP Ledger, pre-configured operational and policy settings, and risk monitoring for Anti-Money Laundering compliance. It also comes with a new user interface that is much easier to use and engage. The move will allow Ripple to diversify its offerings beyond its core payment settlement business. Ripple is widely known for its RippleNet platform, a payment network focused on quick, cross-border transfers between financial institutions. In an official statement on Oct. 10, Ripple’s senior vice president of product, Aaron Slettehaugh, stated that the new features extend Ripple Custody’s functionalities to better serve banks and fintechs with scalable and safe digital asset custody. Advertisement   The firm also noted that custody is one of its fastest-growing businesses. Its custody division registered 250% year-on-year customer growth and currently operates in at least seven countries. Under the Ripple Custody brand, the company also intends to let its clientele tokenize real-world assets using the XRP Ledger. Clients will also be given access to XRPL’s native decentralized exchange (DEX) for low-fee trading of any tokenized asset. Taking On Giants Like Coinbase, Gemini Ripple’s dive into the custody market follows its previous acquisitions of Metaco and Standard Custody & Trust Company, aimed at bolstering Ripple’s custody capabilities. Ripple’s expansion positions the company against well-established…
The post Ripple Rolls Out Crypto Custody Services For Banks, Putting XRP On Path To $1 Price Tag ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement San Francisco-based fintech firm Ripple is launching a new suite of crypto storage services designed to help banks and financial technology businesses securely store and manage crypto assets. Ripple Forays Into Crypto Custody According to CNBC, Ripple is set to introduce a slew of features to enable its banking and fintech clients to hold and maintain digital tokens. The move is part of a bigger push to broaden the reach of its budding business under its recently formed Ripple Custody subsidiary. These features include integration with Ripple’s blockchain platform, the XRP Ledger, pre-configured operational and policy settings, and risk monitoring for Anti-Money Laundering compliance. It also comes with a new user interface that is much easier to use and engage. The move will allow Ripple to diversify its offerings beyond its core payment settlement business. Ripple is widely known for its RippleNet platform, a payment network focused on quick, cross-border transfers between financial institutions. In an official statement on Oct. 10, Ripple’s senior vice president of product, Aaron Slettehaugh, stated that the new features extend Ripple Custody’s functionalities to better serve banks and fintechs with scalable and safe digital asset custody. Advertisement The firm also noted that custody is one of its fastest-growing businesses. Its custody division registered 250% year-on-year customer growth and currently operates in at least seven countries. Under the Ripple Custody brand, the company also intends to let its clientele tokenize real-world assets using the XRP Ledger. Clients will also be given access to XRPL’s native decentralized exchange (DEX) for low-fee trading of any tokenized asset. Taking On Giants Like Coinbase, Gemini Ripple’s dive into the custody market follows its previous acquisitions of Metaco and Standard Custody & Trust Company, aimed at bolstering Ripple’s custody capabilities. Ripple’s expansion positions the company against well-established…
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