Ripple Acquires Standard Custody & Trust Co to Expand Market in America

Bittime -  Leading blockchain company , Ripple , has expanded its presence in the United States with the announcement of their latest acquisition.

Ripple has officially acquired the New York-based crypto company, a strategic move that will strengthen their position in the US crypto market.

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Through this acquisition, Ripple aims to expand their blockchain services and products in the US, as well as to get closer to customers and partners in the region. This step is also expected to accelerate the adoption of blockchain technology in various industrial sectors in the US.

The crypto companies acquired by Ripple have valuable expertise and experience in developing blockchain solutions.

This will make a major contribution to Ripple's vision to expand their blockchain ecosystem and provide innovative solutions to their customers.

Ripple CEO Jonathan said that this acquisition reflects Ripple's commitment to continuing to grow and innovate in the crypto space, especially in the United States. He also emphasized that Ripple is very excited to collaborate with the talented team of this newly acquired crypto company.

This move shows that Ripple remains a major player in the blockchain industry, with a strong focus on global growth and expansion.

By acquiring the New York crypto company, Ripple marks a strategic move to expand its footprint in the fast-growing US crypto market.

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Get to know Ripple in more detail

Ripple is a blockchain technology company best known for its payment protocol and network called RippleNet. Created in 2012, Ripple aims to provide an infrastructure that enables fast, cheap and efficient cross-border money transfers.

One of Ripple's main products is XRP, a cryptocurrency used to facilitate the transfer of value within the Ripple network.

XRP can be used to send and receive payments in real time worldwide without the involvement of third parties such as banks or other financial institutions.

This makes the money transfer process faster and cheaper compared to traditional methods.

Apart from that, RippleNet also provides cross-border payment solutions for banks and financial institutions.

By using Ripple's blockchain technology, these institutions can carry out cross-border transactions with lower costs and faster times than existing conventional systems.

Ripple is also known for its approach of working with regulators and traditional financial institutions. They have worked with major banks around the world to integrate their technology into existing payment systems.

Overall, Ripple has an important role to play in changing the way cross-border payments are made, with a focus on speed, security and efficiency.

This company continues to innovate and collaborate with stakeholders to realize its vision of creating a better global payment system.

Also Read: Ripple vs SEC: Ripple Fights Additional SEC Lawsuits with New Evidence

Get to know Standard Custody & Trust Co in more depth

Standard Custody & Trust Co is a company engaged in digital asset custodian services. They provide safe and reliable custodian services for storing crypto and other digital assets for financial institutions, companies and institutional investors.

As a custodian institution, Standard Custody & Trust Co is responsible for safeguarding digital assets held by their clients. They use advanced security technology and strict procedures to protect these assets from security threats, such as hacking or theft.

In addition, Standard Custody & Trust Co can also provide additional services such as transaction settlement, reporting and auditing to help their clients manage their digital assets more efficiently and in accordance with applicable regulations.

The company aims to be a trusted partner for financial institutions interested in exploiting the potential of digital assets in their investment portfolios. By meeting high security and compliance standards, Standard Custody & Trust Co helps strengthen trust and adoption of digital assets in traditional financial markets.

Overall, Standard Custody & Trust Co plays an important role in helping financial institutions and institutional investors manage and store their digital assets safely and efficiently.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via  Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on  Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into  your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements  of Bitcoin (BTC) ,  Ethereum (ETH ),  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read: 

Ripple Coin (XRP): An Update 2024

What is Total Supply and How Does It Relate to Crypto?

What is Input-Output Hong Kong (IOHK)?

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.