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Testimony Laboratory She announced a great acquisition of the market shock from a terrible week otherwise. Moving to X (formerly Twitter), Al -Shatir Declare She has acquired Hidden Road, mediation, space, and financing a company as she is advancing on her mission to become a leader of institutional investors who move to the area of digital assets.
Ripple gets a hidden road for $ 1.25 billion
On Tuesday's Tuesday's advertisement, the task provided by the Tafir Company has long been provided, and this is to provide immediate and fast transfer of value to traditional and institutional investors who enter the area of digital assets.
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As the CEO of Brad Garlinghyus Make up In a separate X post, the decision to obtain Hidden Road comes for $ 1.25 billion after a long -term customer relationship with the company. Garinghouse revealed that Ripple understands the scope of Hidden Road, making it a major candidate for acquisition.
The Merge of LEDGER XRP by Hidden Road will allow a cheap and fast value movement for brokerage customers, which move more than 3 trillion dollars annually. Part of this huge value is expected to move via the professor's book, as well as the use of Rlusd Stablecoin as a guarantee of mediation services.
In addition, Hidden Road will be able to expand its value to transfer value, allowing Ripple to process more size. “Through this deal and support for the important public budget for Ripple, Hidden Road will greatly expand its ability to serve its pipeline and become the largest majorly non -bank mediator in the world.”
This acquisition comes after Ripple got the standard custody in February 2024. The standard nursery provided an online platform that provides customers to customer nursery solutions to customers, and empower Culture to move to the nursery market also.
XRP price responds
Although Ripple declared, the price of XRP has remained silent as it continues to conflict to less than $ 2, which has since turned resistance. At the time of this report, XRP still maintains a price of $ 1.96, although about 10 % in the past 24 hours.
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According to data from Coinmarkketcap, the daily trading volume saw a remarkable decrease, as about 24 % decreased in the last day. This indicates a decrease in participation from investors, due to the declining winds that are still blowing in the encryption market.
The recovery is highly dependent on Bitcoin, which continues to control the market and lead the fees.
The graph from Tradingview.com
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