Ripple has made a $250 million acquisition of Metaco – one of crypto’s most well known custodians.
The move sees Ripple take on sole responsibility at Metaco while allowing current CEO Adrien Treccani room enough to steer operations independently – crucial given his leadership undoubtedly played a role in getting the company to where it is now.
Monica Long, the President of Ripple who hinted that customers would benefit significantly from this deal said:
“Adding these capabilities to Ripple’s already growing product solutions means we can continue to support customers as they look to embrace the true potential of crypto and blockchain in real world applications.”
Ripple’s ongoing battle with the SEC
Although this purchase is viewed by many as a positive sign for the future of both companies Ripple remains embroiled in an ongoing legal battle with the Securities and Exchange Commission (SEC) regarding XRP’s classification status.
Despite this ongoing regulatory challen
We współpracy z: https://cryptodaily.co.uk/2023/05/ripple-purchases-metaco-amid-ongoing-battle-with-sec
