- Lawyer Jeremy Hogan noted that the Ripple Wallet service could be introduced within six months of the approval of the brand.
- The crypto industry is optimistic about Ripple’s possible wallet and custody solution, which could integrate RWA tokenization.
Ripple has applied for brand protection for his “Ripple Custody” application, which has recently gained a lot of driving. This has led to speculation whether the company is preparing the introduction of its own wallet or deposit solution.
Ripple just filed for a new trademark for a downloadable software that will let people store their cryptocurrencies..
IS RIPPLE GOING TO CREATE A WALLET APP?
pic.twitter.com/MC4bs1g5BY
—
𝕂𝕚𝕟𝕘 𝕂𝕒𝕣𝕒𝕟 𝕂𝕒𝕣𝕒𝕟
Attorney Jeremy Hogan gave insight in the registration and explained their legal importance. He noted that Ripple, as soon as the trademark office has granted a usage permit, will have six months to advertise and start the service:
“Until the end of summer we will probably know what it is about.”
Is the Ripple Wallet coming?
In the crypto community it is speculated that Ripple could develop its own custody solution that could fundamentally change the management of digital assets. In addition, the company also advertised its custody services, CNF reported. The integration of these services into a Ripple wallet could therefore be a decisive factor for the company.
Some community members remember that Ripple once supported an XRP wallet, but later reset them for uninterrupted reasons. Others believe that the current efforts of the company go beyond cryptocurrencies and may concentrate on the tokenization of real-world assets (RWAS). As CNF reported, Ripple and the XRP Ledger (XRPL) were significantly involved in the growing movement towards RWA tokenization.
XRP can achieve more market presence
The Ripple-owned cryptocurrency XRP could play a larger role in global finance if a Ripple wallet comes onto the market. Over the years, XRP has consolidated its role in facilitating efficient and immediate cross -border transactions at very low costs. These properties have increased the attractiveness of the old coins as a preferred option for institutions. In addition, a custody solution supported by Ripple could further increase the attractiveness of XRP for institutions.
In addition, Ripple’s demonstrable track record offers a competitive advantage in compliance with regulations. The company has already proven that it is able to find its way in complex regulatory environments by successfully launching the StableCoin RLUSD in cooperation with the supervisory authorities to ensure the complete compliance with the regulations – CNF.
No Comments