Core

bullish

when

<ul class="wp-block-list">
  
 <li>Ripple launches crypto custody services for banks, diversifying beyond XRP.</li>   
 <li>Ripple Custody integrates with XRP Ledger, offering secure, scalable asset management.</li>   
 <li>The crypto custody market is forecast to hit $16 trillion by 2030.</li> 
</ul>   
<p>Ripple makes a bullish <a href="https://www.cnbc.com/2024/10/10/ripple-launches-crypto-storage-services-for-banks-in-bid-to-diversify.html" target="_blank" rel="noreferrer noopener nofollow">announcement</a> further fueling <a href="https://cryptonewsland.com/xrp-price-could-exceed-10000-due-to-worldwide-debt-as-xrpl-cashback-system-begins-integration/" target="_blank" rel="noreferrer noopener">high expectations for XRP</a>. The crypto and blockchain entity has just confirmed its launch of crypto custody services for banks, thereby expanding beyond its core payments business. Indeed, this is explosive news for Ripple as it showcases the project’s ability to go beyond its original portfolio of services.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-ripple-s-expansion-into-the-crypto-custody-market">Ripple’s Expansion Into the Crypto Custody Market</h2>   
<p>Taking the crypto market and the world by storm once again, Ripple announces its significant push into the crypto custody market by launching new services aimed at helping banks and fintech firms store digital assets. This marks a key step in Ripple's strategy to diversify beyond its well-known XRP cryptocurrency and payment platform, RippleNet.&nbsp;</p>   
<p>In detail, the new services fall under Ripple's recently created <a href="https://coincu.com/286522-ripple-announces-launch-ripple-custody/" target="_blank" rel="noreferrer noopener nofollow">Ripple Custody</a> division, which provides features such as pre-configured operational settings, anti-money laundering risk monitoring, and user-friendly interfaces. Crypto custody, a rapidly growing sector within the digital asset space, plays a crucial role in safeguarding private keys and ensuring regulatory compliance.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-ripple-continues-to-bolster-xrpl-capabilities-nbsp">Ripple Continues to Bolster XRPL Capabilities&nbsp;</h2>   
<p>Ripple’s move to consolidate its custody products under the Ripple Custody brand brings it into competition with established firms like Coinbase, Gemini, and Fireblocks. The company's new offerings also integrate with <a href="https://cryptonewsland.com/debunking-xrpl-myths-ripple-cto-celebrates-his-legal-win-against-sec/" target="_blank" rel="noreferrer noopener">Ripple’s XRP Ledger</a>, giving clients access to a decentralized exchange for faster, low-cost trading.</p>   
<p>Ripple's expansion into custody services comes at a time when the market for securing and managing digital assets is projected to grow significantly, with forecasts reaching $16 trillion by 2030. The company has already seen 250% growth in customer numbers for Ripple Custody this year, operating in seven countries and serving prominent clients like HSBC and Societe Generale.</p> 
<p>The post <a href="https://cryptonewsland.com/ripple-launches-crypto-custody-services/">Ripple Launches Crypto Custody Services for Banks, Expands Beyond Core Payments Business</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Ripple Launches Crypto Custody Services for Banks, Expands Beyond Core Payments Business

Table of Contents

Crypto News Land

Other articles published on Oct 10, 2024

Bitget tightens listing conditions following BGB fiasco and market manipulation accusations

Hidden Crypto Gems to Buy Before Election Season 2024: ATOM, FLOKI, and $FXG

Justin Sun Becomes Prime Minister of World’s First Bitcoin-Driven Nation

Will Capital Influx Boost the Crypto Market?

Binance Coin (BNB) and Cardano (ADA) Set For Huge Competition In 2025

Littio Revolutionizes Banking in Colombia with Interest-Bearing USD Accounts

Join our free newsletter for daily crypto updates!