{"id":23330,"date":"2023-09-09T00:36:01","date_gmt":"2023-09-09T00:36:01","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/fortress-trust-now-under-ripples-wing-in-crypto-expansion-strategy\/"},"modified":"2023-09-09T00:36:01","modified_gmt":"2023-09-09T00:36:01","slug":"fortress-trust-now-under-ripples-wing-in-crypto-expansion-strategy","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/fortress-trust-now-under-ripples-wing-in-crypto-expansion-strategy\/","title":{"rendered":"Fortress Trust Now Under Ripple’s Wing in Crypto Expansion Strategy"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Ripple Labs is making strides in the crypto world with its latest acquisition: blockchain infrastructure specialist Fortress Trust. This is already Ripple\u2019s second significant buyout in the current year.<\/p>\n

In their recent blog update, Ripple shared news about bringing onboard the Web3-focused Fortress Trust. Their primary goal is to enhance their infrastructure and ensure stringent regulatory compliance.<\/p>\n

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\u201cFortress Trust, with its advanced technology and licensing, offers vital infrastructure. This infrastructure is crucial to cater to the expanding enterprise crypto segment, aligning seamlessly with Ripple\u2019s objectives and product evolution. With Fortress as a trusted, regulated ally, enterprises and financial institutions can channel their efforts into shaping their blockchain game plan, sidelining compliance-related concerns.\u201d<\/em><\/p>\n

The firm\u2019s commitment to Fortress doesn\u2019t stop at the acquisition. They also intend to funnel investments into Fortress\u2019s parent entity, amplifying their payment network\u2019s capabilities.<\/p>\n

\u201cAfter sealing the Fortress Trust agreement, our next step involves channeling investments into Fortress Blockchain Technologies. We aim to tap into its FortressPay services, merging it with Ripple\u2019s international tech prowess. This integration promises groundbreaking payment solutions for global B2B clientele.\u201d<\/em><\/p>\n

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Ripple\u2019s CEO, Brad Garlinghouse, expressed his enthusiasm about the partnership in the blog:<\/p>\n

\u201cHaving been early backers of Fortress Blockchain, we\u2019ve grown familiar with their dynamic team, their forward-looking vision, and their cutting-edge tech. Since their 2021 debut, their journey has been commendable, boasting consistent revenue and attracting a mix of seasoned crypto enthusiasts and crypto newcomers. This acquisition promises to amplify our growth and strengthen our stronghold in pivotal crypto infrastructure domains.\u201d<\/em><\/p>\n

Ripple\u2019s proactive approach towards crypto adoption was evident when they invested a whopping $250 million to purchase Metaco, a firm specializing in digital asset custody for institutions. This decision was driven by data indicating a probable surge in financial entities adopting cryptocurrencies in the forthcoming years.<\/p>\n<\/p><\/div>\n

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(Originally posted on : Crypto News – iGaming.org ) Ripple Labs is making strides in the crypto world with its latest acquisition: blockchain infrastructure specialist Fortress Trust. This is already Ripple\u2019s second significant buyout in the current year. In their recent blog update, Ripple shared news about bringing onboard the Web3-focused Fortress Trust. Their primary […]<\/p>\n","protected":false},"author":5,"featured_media":23331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23330"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23330"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23331"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}