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XRP On The Cusp Of Mega Utility Explosion As Ripple Acquires Hidden Road In $1.25 Billion Deal

  • Ripple has acquired prime brokerage firm Hidden Road for $1.26 billion, opening up new markets for the crypto payment firm.
  • The deal allows Ripple's subsidiaries to tap into traditional markets and leverage XRP's Ledger for faster and efficient cross-border payments.
  • The acquisition positions Ripple as the first crypto company to own a prime brokerage firm and aims to merge decentralized and traditional finance.
  • The move is expected to attract institutional investor inflow and comes as part of Ripple's effort to foster cross-border partnerships.

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