Price range - According to CNBC, Ripple plans to introduce a number of features that will allow banks and fintech clients to store and service digital tokens. The move is part of a larger program to expand the reach of Ripple's newly created subsidiary, Ripple Custody.
price range - According to CNBC, #Ripple plans to introduce a number of features that will allow banks and fintech clients to store and service digital tokens. The move is part of a larger program to expand the reach of Ripple's newly created subsidiary, Ripple Custody.
The features include integration with Ripple's blockchain platform, the #XRP Ledger, pre-configured operational and policy settings and risk monitoring to ensure anti-money laundering compliance. In addition, the new user interface is easier to use and interact with.
This move will allow Ripple to offer a wide range of services beyond its core payments business. Ripple is widely known for its RippleNet platform, a payment network specializing in high-speed cross-border transfers between financial institutions.
In an official statement on October 10, Aaron Slettaug, senior vice president of products at Ripple, said the new features will expand the capabilities of Ripple Custody and allow banks and fintech companies to better serve a scalable and secure repository of digital assets.
the company also noted that custody is one of the fastest growing areas of its business. Ripple's custody division has seen a 250% year-on-year growth in customers and is now operating in at least seven countries.
the Ripple Custody brand, the company also intends to offer customers the ability to tokenize their real assets with the XRP Ledger. Customers will also have access to its own decentralized XRPL exchange (DEX), where they will be able to trade tokenized assets with low fees.
Ripple's entry into the custody market follows the acquisition of Metaco and Standard Custody and Trust Company to expand Ripple's custody services capabilities.
Can XRP finally break the $1 mark?
As a result, the price of XRP has not risen and sits below 60 cents.
Read us at: Compass Investments
