📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
It is claimed that there is a very significant hidden importance behind Ripple's billion-dollar deal! Here are the potential effects.
Dominic Kwok, co-founder of the Web3 education platform EasyA, described Ripple's recent acquisition of the primary brokerage firm Hidden Road as one of the most significant deals in crypto history.
Speaking from the Paris Blockchain Week where the news first broke, Kwok stated that the agreement holds transformative potential for Ripple, the XRP Ledger, and the broader digital asset ecosystem.
Kwok stated in his announcement on X, "I have tracked tons of deals in the crypto space, but Ripple's acquisition of Hidden Road is undoubtedly one of the most significant." He added, "This makes Ripple the first crypto company to have and operate as a global, multi-asset prime broker."
According to Kwok, this acquisition, reported to be worth $1.25 billion, allows Ripple to offer full-service trading and settlement solutions that compete with the leading financial institutions on Wall Street. Hidden Road, which processes over $3 trillion annually and serves more than 300 institutional clients, will now become a central pillar of Ripple's efforts to bring enterprise-level services to the crypto world.
"Hidden Road conducts transactions exceeding 10 billion dollars on any given day and carries out over 50 million transactions on traditional finance rails. Now, it will work on the XRP Ledger," he added.
According to Kwok, one of the most important benefits of the acquisition is the deep integration of Hidden Road's operations into Ripple's ecosystem. All transactions carried out through Hidden Road are transferred to the XRP Ledger, while Ripple's native stablecoin RLUSD will be used as collateral in the firm's brokerage services.
According to Kwok, this is expected to significantly increase the institutional adoption of both the XRP Ledger and RLUSD in the real world, and solidify Ripple's position as a leading infrastructure provider in the digital finance space.