The seat of Ripple In California, it goes beyond activity. The American technology company wishes to increase the adoption of blockchain and cryptocurrencies by the institutional parties. To accelerate this process, Ripple acquires the hidden road to the main broker by $ 1,250 million.
While Trump’s trade war Keep the cryptocurrency market firmly attacked, Ripple has new steps. For example, the company is responsible for one of the largest acquisitions in the history of cryptocurrencies.
Why does Ripple Hidden Road acquire?
Ripple has Hidden Road from today. With that, it makes history because it is the first cryptographic enterprise that has an international broker. With the acquisition, the company, managed by Brad Garlinghouse since 2015, intends to strengthen the position of Ripple USD (Rlusd). This motto is directed to institutional parties.
The CEO of Ripple, Brad Garlinghouse, is very enthusiastic about the association. This is written in a declaration in “X” among other things::
Today, Ripple has announced the acquisition of Hidden Road for $ 1,250 million, one of the largest agreements ever concluded in the world of cryptocurrencies. But the price is not the most important. What matters is that this agreement offers a unique opportunity for cryptocurrencies to access the largest and most reliable traditional markets, and vice versa. “”
Hidden Road is not exactly a small actor in the financial world. This broker admits several currencies and processes $ 3 billion in transactions per year. It also supports more than 300 institutions and companies.
What will change after this inclusion?
Ripple will now be in charge of treatment of more than 3 billion transactions per year. This is done via the Blockchain XRP Ledger network (XRPL) and digital currency Xrp.
The new process considerably modifies the regulations of transactions. Hidden Road no longer uses traditional Fiat channels, but becomes completely digital with blockchain.
With XRP Ledger, transactions treatment is probably faster and more efficient. “However, the greatest range is that the RUSD will be used as a guarantee in the first class brokerage services,” said Brad Garlinghouse.
A well-known part which was previously associated with Hidden Road is Ripple himself. CEO Brad Garlinghouse wrote the following in his X In this regard:
Ripple is a client of Hidden Road for many years and we know his vast first -hand experience. They provide annual value for $ 3 billion for more than 300 of the world’s main financial institutions.
Acquisition arrives at a crucial time
This undulation acquires Hidden Road at the moment is not an accident. He arrives at a new legislation on cryptocurrencies in Washington. On March 7, for example, President Trump signed an executive decree for a Bitcoin Strategic Reserve.
Not only does the American government, but also the commission of the securities market (SEC) has a more indulgent attitude towards digital currencies. For example, the American regulator ended its request Against Ripple at the end of March. Garlinghouse describes the evolution of the regulatory environment as an “inflection point for cryptocurrencies” in an article on a post on ‘X’::
We are at a turning point for the next phase of adoption of digital assets. The American market is really open for the first time now that the former policies of the previous management of the SEC expires, and the market is evolving to meet the needs of traditional financial institutions. “”
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