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#Mid-October: Bull Market Ahead?
RIPPLE OFFERS CRYPTO CUSTODY SERVICES TO BANKS AND FINTECH COMPANIES‼️
#GateOpinionQuest #CryptoObservers #escoin #elg
Ripple took a significant step in crypto asset management by offering crypto custody services for banks and fintech companies. This new service, offered under the name 'Ripple Custody', is integrated with the company's XRP Ledger platform and provides users with pre-configured operational settings, Anti-Money Laundering (AML) tracking, and a user-friendly interface.
This move is part of Ripple's strategy to increase product diversity beyond just payment solutions. The company has reportedly seen a 250% growth in this area and major financial institutions such as HSBC and Societe Generale have started using Ripple's custody services. With increasing demand for crypto custody services, Ripple's move is seen as a significant step to strengthen its position in the industry. Additionally, the cryptocurrency market is expected to reach 16 trillion dollars by 2030.
🔥As a result, Ripple strengthens its position as a significant player in the digital finance world by offering safer and more efficient solutions to banks and fintech companies in crypto asset management❗️