Ripple CEO Drops Acquisition Bombshell: Fortress Trust Deal Off The Table
In a surprising turn of events, Ripple CEO Brad Garlinghouse announced that the company has decided to abandon its direct acquisition of financial institution Fortress Trust. The decision marks a significant departure from Ripple’s earlier intention to acquire the firm, as they had signed a letter of intent just a few weeks ago. However, Garlinghouse […]
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Ripple, a prominent cryptocurrency firm, has announced its acquisition of Fortress Trust, a financial institution that offers Web3 financial, regulatory, and technology infrastructure for blockchain innovators. With a focus on providing back-end infrastructure for payments, asset tokenization, and other services, Fortress Trust serves a wide range of clients, from Fortune 500 businesses to fintech startups, […]
On Friday, Ripple Labs announced the launch of “Prime Time,” following its acquisition of Hidden Road. The company will now be rebranded as Ripple Prime. The company confirmed the completion of the acquisition, making Ripple Labs the first blockchain payment company to operate as a global, multi-asset prime broker. How Ripple Prime Is Expected To […]
On Thursday, Ripple, the company behind the XRP cryptocurrency, announced a significant step forward in its growth strategy with the $1 billion acquisition of GTreasury, a leading player in treasury management systems. Ripple’s GTreasury Deal The acquisition of GTreasury marks a pivotal expansion for Ripple, granting it immediate access to the multi-trillion dollar corporate treasury […]
Ripple has made yet another move in its long-running campaign to reshape global payments, this time acquiring Palisade, a digital asset custody infrastructure company. The deal marks the company’s fourth acquisition in recent months and is a clear escalation in what many describe as the company’s competition with SWIFT, the dominant global payments messaging network. […]
According to comments from longtime researcher and computer scientist Nick Szabo, Bitcoin and other cryptocurrencies are trust-minimized, not trustless, and that difference matters for how states and private actors can push back. Related Reading: Crypto Over Dollars: Belarus Makes Mining A National Priority Szabo warned that while the layer one of a strong trust-minimized system […]