Ripple has secured some significant collaborations this year, including a deal with Swiss-based crypto custody provider Metaco and a deal with Fortress Trust (a financial institution focused on digital currencies).
According to some experts, those efforts could benefit blockchain enterprises by allowing them to offer different services and opportunities to users.
Ripple has been busy
One such person who shares this stance is a Ripple enthusiast who goes by the name “rethofkahneman” on Twitter.
they recently argued Having secured the aforementioned partnerships, the crypto firm now has assets that can “build the infrastructure for exchanges, companies, wallets and apps” to connect with banks and other financial institutions.
Furthermore, “Rathofkahnman” claimed that Ripple is now able to “mark real-world assets and hold them in a secure, compliant manner.”
Many
“Rathoffkahnman” described it as an interesting thesis, saying that it would be interesting to see how integrated the acquired companies would be.
He concluded, “Both have claimed they will remain independent, perhaps to reassure existing customers.”
Recall that the press release detailing the deal between Ripple and Metaco in May this year stated that Ripple will continue to operate as an autonomous brand and business entity.
On the other hand, it would not be surprising if Fortress Trust became somewhat dependent on Ripple as the San Francisco-based firm pledged to freeze funds for some of the company’s clients (previously affected by a security incident) as part of the acquisition deal. Had recovered.
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source: cryptopotato.com
