2024

Secure

<h4><strong>This move marks a significant shift for Ripple, allowing them to expand their business beyond just payment settlements. </strong></h4>
<p>According to a <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 noreferrer nofollow">recent report</a> from CNBC, Ripple is now offering services to keep and manage digital assets. This is for its banking and fintech clients.</p>
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      <h5><strong>A New Way for Banks and Fintech to Secure Digital Assets</strong></h5>
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<p>This new service is called <a href="https://ripple.com/solutions/digital-asset-custody/?utm_content=709932093282&amp;utm_term=ripple%20custody&amp;creative=709932093282&amp;keyword=ripple%20custody&amp;matchtype=e&amp;network=g&amp;device=c&amp;utm_medium=ppc&amp;utm_source=google&amp;utm_term=ripple%20custody&amp;utm_campaign=Custody-Search-Global-Brand&amp;hsa_acc=4920537092&amp;hsa_cam=21231550688&amp;hsa_grp=171787711888&amp;hsa_ad=709932093282&amp;hsa_src=g&amp;hsa_tgt=kwd-947805658755&amp;hsa_kw=ripple%20custody&amp;hsa_mt=e&amp;hsa_net=adwords&amp;hsa_ver=3&amp;gad_source=1&amp;gclid=CjwKCAjw9p24BhB_EiwA8ID5BmjKu6peKdhBpNeEzGGkTeLw1zIYL8BzxciqNNChFhyd6g4la824bBoCaQAQAvD_BwE" target="_blank" rel="noopener noreferrer nofollow">Ripple Custody</a> and aims to simplify how banks handle their digital assets. Ripple Custody includes special features that work with Ripple’s blockchain platform, known as the <a href="https://xrpl.org/" target="_blank" rel="noopener noreferrer nofollow">XRP Ledger</a>. With this integration, banks can easily keep track of their digital assets, just like they would manage their cash.</p>
<p>It also comes with pre-set rules and guidelines, so banks know exactly how to handle their assets. Additionally, Ripple is introducing Anti-Money Laundering monitoring, which helps prevent illegal activities.</p>
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 <p dir="ltr" lang="en">We’re launching new features for Ripple Custody, bringing bank-grade custody solutions to fintech and crypto businesses.</p>
 <p><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4f6.png" alt="📶" class="wp-smiley" style="height: 1em; max-height: 1em;"> Simplified onboarding<br> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2194.png" alt="↔" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/XRPL?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRPL</a> tokenization &amp; DEX support<br> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/27a1.png" alt="➡" class="wp-smiley" style="height: 1em; max-height: 1em;"> Pre-configured policy frameworks<br> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/25b6.png" alt="▶" class="wp-smiley" style="height: 1em; max-height: 1em;"> R/T compliance monitoring<br> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2197.png" alt="↗" class="wp-smiley" style="height: 1em; max-height: 1em;"> New UI<a href="https://t.co/gejagnouTS" rel="noopener noreferrer nofollow">https://t.co/gejagnouTS</a></p>
 <p>— Ripple (@Ripple) <a href="https://twitter.com/Ripple/status/1844317813327974649?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 10, 2024</a></p>
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<p>This launch helps Ripple grow its services and reach a wider audience. In the past, Ripple was mainly known for its <a href="https://www.coingecko.com/en/coins/xrp" target="_blank" rel="noopener noreferrer nofollow">XRP</a> crypto asset and its <a href="https://ripple.com/" target="_blank" rel="noopener noreferrer nofollow">RippleNet platform</a>, which allows banks to communicate about money transfers. Now, with Ripple Custody, banks can store their digital assets securely, giving them peace of mind.</p>
<p>The user interface for Ripple Custody is designed to be easy to use, which is great news for banks that want to keep their operations running smoothly. With these new tools, banks and fintech firms can access the digital asset market more easily, paving the way for more innovation and growth in the financial industry.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/ripple-launches-custody-services-for-digital-assets/" rel="noopener noreferrer nofollow">Ripple Launches Custody Services for Digital Assets</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Ripple Launches Custody Services for Digital Assets

Altcoin Buzz

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