Is Crypto Banking Finally Here? Ripple’s Acquisition of Hidden Road Explained
Ripple’s acquisition of Hidden Road signifies a critical shift in the crypto banking arena, particularly for small and medium enterprises (SMEs) in Europe. This development not only establishes Ripple as a frontrunner in the digital asset space but also aims to bolster institutional adoption, improve operational efficiency via blockchain, and expand access to financial services. Let’s delve into the implications of Ripple’s initiative for the banking sector—especially for SMEs—and what it entails for the financial ecosystem at large.
What Did Ripple Acquire in Hidden Road?
Ripple has finalized the acquisition of Hidden Road, a non-bank prime broker, for the substantial sum of $1.25 billion. The newly branded Ripple Prime will…
