Ripple, the company behind cryptocurrency XRP, continues its efforts in acquisitions and technology investments. These actions aim to bridge the cryptocurrency industry with traditional financial systems.
Ripple's Acquisitions and Strategy
Earlier this year, Ripple attracted attention by acquiring prime broker Hidden Road for $1.25 billion. According to Ripple's CTO David Schwartz, the company is evaluating multiple additional acquisitions. "Our acquisition and merger team is working very hard. We have many potential acquisition processes at different stages," Schwartz noted.
XRP Ledger Development
Ripple is also focused on developing the XRP Ledger infrastructure. Plans include the creation of payment management systems similar to smart contracts, allowing users to receive payments in preferred digital assets. "The goal is to preserve security while providing flexibility," Schwartz added.
Future Plans and Financial System Integration
Ripple is developing a lending protocol on the XRP Ledger, set to launch in the third quarter of 2025. This structure will integrate traditional finance and decentralized finance. Schwartz explained that "the selection of borrowers and legal transactions will occur off-chain, while the tokenization and distribution of repayment rights will be done on-chain."
Ripple continues to actively pursue its plans to integrate into traditional financial systems, opening new opportunities for the cryptocurrency industry.
