“Wrath of Kahneman,” a Ripple devotee, has posted on the X app to discuss the outcomes that the finance behemoth Ripple Labs may now be able to achieve after recently signing partnerships with Metaco and announcing plans to buy Fortress Trust, both significant businesses.
According to this influencer, Metaco and Fortress Trust strengthen Ripple
Financial institutions can use the crypto custody services offered by Switzerland-based Metaco. This will enable Ripple to increase the acceptance of cryptocurrencies by financial institutions. Additionally, the blockchain powerhouse led by Brad Garlinghouse has declared that they are acquiring
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Financial firm Fortress Trust provides regulatory, technological, and financial infrastructure for Web3.
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According to the Wrath of Kahneman X account, Ripple Labs has acquired properties through these two partnerships and acquisitions that can support the infrastructure for cryptocurrency platforms (exchanges, businesses, wallets, and various dApps) and help them connect to traditional financial institutions that deal in fiat, such as banks, trusts, and other similar entities. He said that thanks to this, Ripple is now able to “tokenize real world assets and hold them in safe, compliant ways.”
Ripple continues to regularly sell XRP
A lump of XRP,
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About 24 hours ago, 29,500,000 XRP were moved to the Bitstamp exchange with the evident aim to sell. This amount of XRP is comparable to $14,658,817 in USD.
The crypto behemoth has recently transferred other chunks of XRP in addition to this one. The aforementioned tracking tool has detected the movement of four or five lumps of a comparable size of XRP by Ripple to Bitstamp over the previous few weeks.
According to data from CoinMarketCap, the sixth-largest cryptocurrency at this time, XRP, is down about 5% and trading at $0.4753.
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