Ripple, the blockchain enterprise, has been making significant strides this year through key collaborations. One of these partnerships is with Metaco, a Swiss-based crypto custody provider, and another with Fortress Trust, a financial institution focused on digital currencies. According to experts, these collaborations could open up new avenues for Ripple to offer various services and opportunities to users.
One Ripple enthusiast, known as “WrathofKahneman” on Twitter, believes that these partnerships give the crypto firm the ability to “build the infrastructure for exchanges, companies, wallets, and apps” to connect with banks and other financial institutions. Additionally, they argue that Ripple can now tokenize real-world assets and hold them securely and in compliance with regulations.
Others in the X community share this sentiment, with some speculating that Metaco and Fortress Trust might eventually become intertwined with Ripple. “WrathofKahneman” finds this thesis interesting and wonders how integrated the acquired companies will become. They note that both Metaco and Fortress Trust have stated they will remain independent to reassure their current customers.
When Ripple acquired Metaco in May, it was stated in a press release that Metaco would continue to operate as an autonomous brand and business unit. On the other hand, it wouldn’t be surprising if Fortress Trust becomes somewhat dependent on Ripple, considering that Ripple helped recover funds for some of Fortress Trust’s customers as part of the acquisition deal.
It is evident that Ripple’s collaborations and acquisitions are strategically positioning the company to expand its services and presence in the crypto industry. As the partnerships evolve, industry observers will be keen to see how Ripple leverages its new properties and integrates them into its existing ecosystem.
(Quotes are retained as they are and not rewritten)
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About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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