HSBC’s choice of Metaco as custody tech partner seen as a sign of things to come
The news that Metaco, the Swiss digital assets custody firm acquired by Ripple earlier this year, is working with HSBC, one of the world’s largest banks, has sent shockwaves through the cryptocurrency community. XRP enthusiasts, known as the “XRP Army,” are particularly excited about this development, as they see it as a sign that financial institutions are finally starting to embrace XRP Ledger (XRPL) and its native token, XRP.
HSBC and Metaco
HSBC’s decision to work with Metaco is an effective development for Ripple, as it is a major endorsement of the company’s technology. Metaco is a leading provider of digital asset custody solutions, and its clients include some of the world’s largest banks and institutional investors. The fact that HSBC has chosen to work with Metaco suggests that it has confidence in both the company and its technology.
For the XRP Army, HSBC’s decision is a major validation of their long-held belief that XRP is the future of cross-border payments. XRP is designed to be a fast, efficient, and scalable way to move money around the world, and many banks and financial institutions are already using it. HSBC’s decision to work with Metaco could be a catalyst for even more widespread adoption of XRP.
Of course, there is no guarantee that HSBC’s decision to work with Metaco will lead to widespread adoption of XRP. However, it is a positive development for Ripple and the XRP community, and it is likely to fuel even more excitement and speculation among XRP enthusiasts.