Ripple Looking To Build World-Class Custody Infrastructure – Posted A New Job Opening
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Ripple, the prominent player in the blockchain arena based in San Francisco, is making a big move that could shake up how we keep our digital money safe. A recent job advertisement dropped by Ripple hints at substantial plans to build world-class custody infrastructure.
Exploring New Ground
In May 2023, Ripple made a significant move by acquiring Metaco, a company specializing in designing institutional digital asset management solutions, for $250 million.
Fast forward to the present, Ripple has recently released a job advertisement in search of a skilled engineer based in New York. This opening provides a hint into Ripple’s strategic efforts to develop an advanced custody system, ensuring the highest level of security for digital assets, especially for Big institutions.
This signifies Ripple’s commitment to exploring new and improved methods to assist prominent players in the finance sector who want trustworthy services for keeping their digital money safe.
Metaco’s Progress With Ripple
Metaco is an integral part of Ripple’s team, creating a super-secure system for banks and big financial players to feel confident using digital money. With big clients like HSBC, Citi, BNP Paribas, and Societe Generale’s digital money division, Metaco is not just making solutions but also creating a smooth, strong, and all-in-one system.
The new job opening is all about helping clients in adopting the innovative harmonized system. This makes sure they can use all of Metaco’s products and services without any problems.
Also Read: Ripple vs SEC: Attorney Reveals Key Details On The Next Important Date
How Ripple is Doing It
When Ripple bought Metaco, it wasn’t just about getting a new business. It was a smart move to deal with the tricky rules that control cryptocurrency. By using Metaco’s smart technology and deep knowledge, Ripple aims not just to change how we keep digital money safe but also to give clients a super secure way to deal with digital money.
This is really important right now, especially with U.S. authorities taking a close look at companies dealing with digital money.
Commitment For Stability
Earlier, Ripple’s boss, Brad Garlinghouse, said it’s crucial to make the base super strong to handle the ups and downs of digital money. Ripple wants to make sure things stay stable, follow the rules, and keep being innovative despite the wild changes we often see in digital money.
In short, Ripple’s recent big moves show they’re changing how we keep digital money safe.
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