Ripple Expands Global Presence with New Partnership

Ripple (XRP) is rapidly expanding its operations outside the United States following legal challenges with the U.S. Securities and Exchange Commission (SEC).

In a significant move, Ripple has announced a new partnership with Futureverse, a leading company in artificial intelligence (AI) and metaverse technologies. This partnership marks another step in Ripple’s strategy to strengthen its global footprint and leverage emerging technologies.

Futureverse, known for its cutting-edge work in AI and the metaverse, will utilize Ripple Custody, a secure service for managing cryptocurrencies. This collaboration aims to ensure that cryptocurrencies are safely received and stored before they are minted on the Ottó blockchain, Futureverse’s proprietary blockchain platform. Ripple Custody’s advanced security features are a key attraction for Futureverse, providing peace of mind to its customers about the safety of their digital assets.

Jeffrey McDonald, Founder of Ottó Blockchain and Chief Customer Officer of Futureverse, emphasized the benefits of this collaboration. “The integration of Ripple Custody is driven by Ripple’s industry-leading security features and capabilities that enhance the security of our customers’ digital assets,” McDonald stated. He also highlighted their longstanding relationship with Ripple, noting that its robust security features make Ripple Custody the ideal solution as Futureverse continues to innovate in the AI and metaverse space.

Additionally, Ripple and the XRP community plan to boost the XRPL development ecosystem by introducing new programmability features. These include smart contracts, set to be deployed via the XRPL EVM sidechain in 2025. This development is expected to enhance the functionality and versatility of the XRP Ledger, opening new opportunities for developers and businesses alike.

This partnership signifies a significant step forward for both Ripple and Futureverse, combining blockchain technology with advancements in AI and metaverse development to drive innovation in the digital asset space.

At this time of writing, XRP is trading at $0.5667, reflecting a 2.74% increase in the last 24 hours.