{"id":172912,"date":"2024-10-10T14:48:33","date_gmt":"2024-10-10T14:48:33","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172912"},"modified":"2024-10-10T14:48:36","modified_gmt":"2024-10-10T14:48:36","slug":"ripple-introduces-secure-crypto-storage-services-integrating-with-xrp-ledger","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ripple-introduces-secure-crypto-storage-services-integrating-with-xrp-ledger\/","title":{"rendered":"Ripple Introduces Secure Crypto Storage Services, Integrating with XRP Ledger"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul>\n<li style=\"text-align: justify\">Ripple launches a <strong>cryptocurrency custody service<\/strong> for banks and fintech under the Custody brand.<\/li>\n<li style=\"text-align: justify\">The service includes integration with XRP Ledger, facilitating transactions in a <strong>decentralized exchange<\/strong>.<\/li>\n<li style=\"text-align: justify\">The custody service <strong>grew by 250% in customers<\/strong>, highlighting users like HSBC, BBVA, and Societe Generale.<\/li>\n<\/ul>\n<hr \/>\n<p style=\"text-align: justify\"><a href=\"https:\/\/crypto-economy.com\/ripple\/\" target=\"_blank\" rel=\"noopener\"><strong>Ripple<\/strong> <\/a>has announced the <a href=\"https:\/\/www.cnbc.com\/2024\/10\/10\/ripple-launches-crypto-storage-services-for-banks-in-bid-to-diversify.html\" target=\"_blank\" rel=\"noopener\"><strong>launch<\/strong> <\/a>of a new <strong>cryptocurrency custody service<\/strong> aimed at <strong>banks and fintech institutions<\/strong>, under the brand Ripple Custody.<!--more--><\/p>\n<p style=\"text-align: justify\">This new service is part of the company&#8217;s strategy to <strong>diversify its activities<\/strong> beyond its well-known payment platform based on the XRP cryptocurrency. With this initiative, the company seeks to <strong>offer more secure and scalable solutions for storing and managing digital assets<\/strong>.<\/p>\n<p style=\"text-align: justify\">Ripple Custody includes a series of features designed to meet the needs of companies operating in the crypto and fintech sectors. These include <strong>pre-configured operational settings<\/strong>, an <strong>improved interface<\/strong> to facilitate asset management, and <strong>advanced anti-money laundering monitoring tools<\/strong>, ensuring compliance with global regulations. Its focus on security and transparency is a key point for attracting banks and tech firms that require <strong>high standards<\/strong> in digital asset management.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-87907\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/07\/ripple-xrp-post-1.png\" alt=\"ripple xrp post\" width=\"825\" height=\"300\" \/><\/p>\n<h3 style=\"text-align: justify\">More Security and More Features<\/h3>\n<p style=\"text-align: justify\">The custody service also leverages <strong>integration with XRP Ledger<\/strong>, a blockchain platform developed by Ripple. This allows companies to access a decentralized exchange that <strong>facilitates the buying and selling of cryptocurrencies without the intervention of intermediar<\/strong>ies.<\/p>\n<p style=\"text-align: justify\">Additionally, the company has stated that one of the goals of its new solution is to <strong>enable the <a href=\"https:\/\/crypto-economy.com\/how-is-real-world-asset-rwa-tokenization-revolutionizing-industries\/\" target=\"_blank\" rel=\"noopener\">tokenization of real-world assets<\/a><\/strong>, such as fiat currencies, real estate, and commodities, providing a way to transform these assets into tokens that can be traded on digital platforms.<\/p>\n<h2 style=\"text-align: justify\">Ripple Custody Grew by 250%<\/h2>\n<p style=\"text-align: justify\">This will be key to <strong>expanding Ripple&#8217;s capabilities<\/strong>, which in recent years has moved beyond its initial focus on cross-border payments. The company has made key acquisitions, such as the purchase of Metaco and Standard Custody &amp; Trust Company, to <strong>strengthen its infrastructure and expertise in the asset custody market<\/strong>. Thanks to these acquisitions, &#8216;Custody&#8217; has grown vigorously, with a <strong>250% increase in its customer base<\/strong> <strong>and operations in more than 20 countries<\/strong>. Among its clients are major names like HSBC, BBVA, and Societe Generale.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-82733\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/04\/Ripple-1.jpg\" alt=\"Ripple responde: se opone a la Multa propuesta de $2 mil millones con una contraoferta de $10 millones\" width=\"825\" height=\"300\" \/><\/p>\n<p style=\"text-align: justify\">However, Ripple must overcome <strong>several challenges<\/strong>, especially in the regulatory field. The company is still facing legal disputes with the U.S. Securities and Exchange Commission (SEC) over the <strong>classification of its cryptocurrency XRP<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Ripple launches a cryptocurrency custody service for banks and fintech under the Custody brand. The service includes integration with XRP Ledger, facilitating transactions in a decentralized exchange. The custody service grew by 250% in customers, highlighting users like HSBC, BBVA, and Societe Generale. Ripple has announced the launch of a new cryptocurrency custody service &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Ripple Introduces Secure Crypto Storage Services, Integrating with XRP Ledger\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/ripple-introduces-secure-crypto-storage-services-integrating-with-xrp-ledger\/#more-172912\" aria-label=\"More on Ripple Introduces Secure Crypto Storage Services, Integrating with XRP Ledger\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":172913,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,74,90],"tags":[4620,4656,4805,4918],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172912"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=172912"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172912\/revisions"}],"predecessor-version":[{"id":172914,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172912\/revisions\/172914"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/172913"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=172912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=172912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=172912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}