Citigroup’s Reevaluation of Partnership with Ripple-owned Metaco Impacts XRP Performance

Since the announcement that a major bank was reevaluating its partnership with Ripple, which was purchased for $250 million earlier this year, XRP has been showing a stagnant price performance. Ripple Partnership! According to a new report prepared by Bloomberg, sources familiar with the matter have claimed that the financial services giant Citigroup is reassessing its partnership with the Swiss fintech company Metaco. The report does not clarify whether the bank’s review of Metaco is associated with the firm’s acquisition by Ripple Labs. Ripple originally acquired Metaco in May, citing research that projected blue-chip investors to heavily incorporate crypto custody services into their business models over the next three years. Ripple made the following statement: Surveillance is a significant aspect of the infrastructure required for corporate crypto services, and recent research conducted by Ripple shows that most global finance leaders in financial institutions and businesses plan to use cryptocurrency custody […] The post Citigroup’s Reevaluation of Partnership with Ripple-owned Metaco Impacts XRP Performance appeared first on COINTURK NEWS.