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XRP
$2.26
, took Palisadea company that develops digital asset portfolios and custody tools.
Ripple shared that of Palisade The wallet platform will be added to Ripple Custodywhich provides secure storage solutions for banks and similar organizations.
The purpose is to support a wide range of clientsincluding fintech startups, companies already operating in crypto, and large enterprises exploring digital assets with reliable technology partners.
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According to Ripple President Monica Long, larger companies are expected to play a key role in expanding the use of crypto. She noted that, as banks have moved from observation to participation in crypto, large corporations are beginning to move.
She said these organizations are looking for reliable partners who offer safe and ready-to-use tools.
In addition to its integration with Ripple Custody, Palisade’s Wallet technology will also be used in Ripple Paymentsthe company’s solution to send money across borders. According to Ripple, this will help fuel recurring payments, such as subscriptions or automated collections.
The company also noted that these new services are designed to support quick payment needs. This includes the ability to easily convert between cryptocurrencies and government-issued money, interact with different blockchain networks, and work with decentralized finance (DeFi) systems.
On October 9, Ripple partnered with Bahrain Fintech Bay (BFB). What is the purpose of the partnership? Read the full story.
