XRP Army Questions Impact of Ripple’s Acquisition Amid XRP Lingering Price Woes
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- Ripple is set to acquire Standard Custody & Trust Company.
- Ripple CEO says this acquisition enables Ripple to enhance product offerings.
- An XRP enthusiast expressed that Ripple’s move is insufficient for XRP.
Ripple has announced agreeing to acquire Standard Custody & Trust Company, a regulated platform tailored for digital assets at the enterprise level.
Per the disclosure, this move underscores Ripple’s dedication to regulatory compliance while fortifying its product lineup. The report noted that the surge in institutional adoption of crypto and blockchain stems from the availability of mature, secure, and compliant products.
On X, Ripple CEO Brad Garlinghouse expressed that adding Standard Custody enables Ripple to enhance current product offerings for customers and explore new products and use cases, all while maintaining full compliance.
With @StandardCustody, we’ll be able to improve existing product offerings for our customers, as well as explore new products and use cases, all in a fully compliant way.
— Bra…
To date, @Ripple has secured:nearly 40 U.S. money transmitter licenses,
The post XRP Army Questions Impact of Ripple’s Acquisition Amid XRP Lingering Price Woes appeared first on Coin Edition.
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