That included the $20-billion move into US telecom via Sprint and semiconductors through its $31-billion acquisition of UK-based ARM.“This wide breadth of coverage allowed SoftBank to create synergies across their entire portfolio of companies,” King told Cointelegraph.“Ripple is performing a similar strategy focused on financial services, but instead of venture bets on Yahoo and Alibaba enabling this, it is XRP.”Related: Does XRP, SOL or ADA belong in a US crypto reserve?
The latest addition, prime broker Hidden Road, brings 300 institutional clients clearing $3 trillion annually.“Where Metaco lays the foundation — the vault for storing assets — Hidden Road allows Ripple to leverage its massive balance sheet to turbocharge Hidden Road’s business, in which access to capital — a lot of capital — is critical in order to keep growing and competing,” Johansen said.
Ripple’s next moves include stablecoinsGarlinghouse said Ripple intends to continue exploring acquisitions.“I wouldn’t be surprised if in the next year or two we saw the acquisition of a large-scale point-of-sale company to expand their territory from backend financial services to more direct consumer payments,” King said.
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