Ripple, the company behind XRP
Ripple shared that Palisade’s wallet platform will be added to Ripple Custody, which provides secure storage solutions for banks and similar organizations.
The goal is to support a wide range of clients, including fintech startups, companies already operating in crypto, and large businesses exploring digital assets with reliable technology partners.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
Crypto Research Fundamentals: How to DYOR (Animated Explainer)
According to Ripple’s 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 observing to participating in crypto, major corporations are beginning to step in.
She said these organizations are looking for reliable partners who offer secure, ready-to-use tools.
In addition to its integration with Ripple Custody, Palisade’s wallet technology will also be used in Ripple Payments, the firm’s solution for sending money across borders. According to Ripple, this will help power recurring payments, like subscriptions or automated collections.
The company also noted that these new services are designed to support fast-moving 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 goal of the partnership? Read the full story.
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
