Ripple has acquired Fortress Trust, a company that specializes in providing financial and regulatory infrastructures for blockchain companies. This acquisition broadens Ripple’s regulatory licenses, including the addition of a Nevada license to its current holdings. Ripple believes that this strategic move will enhance its ability to serve the growing crypto market. The company’s president stated that the acquisition will help them build and deliver the best customer experiences for enterprises using their crypto infrastructure. Ripple is a US-based technology company that develops the Ripple payment protocol and exchange network using XRP, the digital asset native to the XRP Ledger.
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