The post XRP News: Ripple’s Strategic Move: Acquires Fortress Trust, Bolstering Its Crypto Arsenal appeared first on Coinpedia Fintech News
Ripple, a well-known figure in the cryptocurrency sphere, has once again captured the attention of the media with its latest strategic move. This time, the spotlight is on Ripple’s acquisition of Fortress Trust, a crypto company holding a financial license in Nevada. While the exact financial details of the transaction remain undisclosed, a representative from Ripple has confirmed that it involved a combination of cash and equity.
Today, we are announcing intent to acquire Fortress Trust, part of the @Fortress_io suite of companies. Fortress Trust’s financial and regulatory infrastructure complements and expands Ripple’s comprehensive portfolio of blockchain solutions for finance. https://t.co/LIl3cPEur2
— Ripple (@Ripple) September 8, 2023
Brad Garlinghouse, Ripple’s CEO, expressed his enthusiasm regarding this recent addition to the
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