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The post Ripple Acquires Fortress Trust for Expansion of Cryptocurrency Offerings! appeared first on Coinpedia Fintech News
Cryptocurrency firm Ripple has acquired chartered trust company Fortress Trust, which specializes in virtual currencies. The purchase price has not been disclosed, although it is reported to be less than the $250 million Ripple paid for custody company Metaco earlier this year. The acquisition has given Ripple a trust license in the state of Nevada, adding to the money transfer licenses it holds in 30 US states, including the New York BitLicense.
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