The fact that Metaco, which was acquired by Ripple, will work together with HSBC excited XRP investors.
Ripple in mid-2023 Switzerland based Metaco announced the purchase. at the beginning of november HSBC In the announcement made by , it was stated that they would work with Metaco for cryptocurrency custody services. The fact that a company under the umbrella of Ripple will work with the world banking giant HSBC Excited the XRP community.
For the cryptocurrency services that Metaco will offer to HSBC from the shared details about the collaborations provided, XRP Ledger (XRPL) It was stated that it will benefit from its infrastructure.
On the other hand, Metaco’s manager Adrien Treccani said that the negotiations between the company and HSBC It has been going on for 18 months and argued that it had no direct connection with the Ripple purchase:
There is an indirect connection; The adoption of solutions from Ripple and Metaco further encourages the adoption of XRPL as a protocol. Every success of Ripple is also a success for XRP Ledger. XRPL is designed for both public and private use and has the ability to scale significantly better than its competitors in the market such as EVM chains.
In the continuation of his statement, some speculators are making very crazy and premature statements Treccani emphasized that essentially nothing will change for bank customers. Reminding that the cryptocurrency adoption process is based on a long process that requires trust, he said that short-term speculations should not be ignored.
Although these developments were positive for the Ripple front, some banking customers showed an unhappy attitude towards the purchases. The main reason for the buzz on the subject is Ripple’s US Securities and Exchange Commission (SEC) It was based on his ongoing lawsuit with.
According to CoinGecko data, in the last 24 hours 0.4% increase XRP exhibiting at the time of writing from $0.605 is being traded.