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Vandana Malik
Apr 3, 2020
by Vandana Malik

Anchorage Crypto Custodian Added Supports for XRP

Anchorage
Anchorage, one of the best crypto custodian has raised its support for XRP. Ripple's XRP, is the third-largest cryptocurrency across the world by market capitalization. It is a token that is used to represent the total transfer of value on the Ripple platform.

Co-founder of Anchorage explained XRP for institutions 

Diogo Monica, co-founder of Anchorage has very well explained the importance of XRP for the institutions. She has said that a lot of institutions across the world hold XRP but they are also concerned about their custody. All these institutions holding XRP want an institutional custody solution that will provide them with more security. Now this support that Anchorage is providing to XRP will completely solve the problem of the institutions.

A lot of institutions find XRP in a lot of ways and now this collaboration between Anchorage and XRP will give more confidence to all of them. XRP along with the world-class quality and security of Anchorage will provide an ultimate solution to all the institutional investors. 

Ripple’s developer team will work along to integrate crypto

Anchorage is not working alone, a huge developers team of Ripple will also work along with them in this collaboration. Both the firms worked together to integrate the cryptocurrency at Xpring.

It has also been revealed that Anchorage might also add some more functions of XRP. The functions will include different payment channels also which will ultimately allow the users to send payments. These payments could be further divided into different sections to settle them down later. Monica has also said that the firm will always be ready to further provide any service or assistance to XRP. The firm always looks forward to adding support for new digital assets.

However, it is not only Anchorage that is providing custodian support to XRP. Other firms like Coinbase Custody and BitGo are providing their support for almost a year.

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    Anchorage Crypto Custodian Added Supports for XRP
    Vandana Malik
    Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.

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