Expansion of Trademarked Name: "Ripple Custody" by Ripple Company

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Scuttlebutt: Ripple Labs sets sail for new digital asset seas with a 'Ripple Custody' trademark application.

Gossip: This move whiffs of an extension in Ripple's crypto-talismanic sphere, hinting at a possible new cryptocurrency wallet in the works.

Ripple Labs, like a pirate hoarding buried treasures, has filed a trademark application for “Ripple Custody”. This swashbuckling endeavor points to a predatory expansion of their digital asset services. The application saw the light of day on the 25th of February, 2025.

This pirate's treasure map is significant due to Ripple's previous need to purchase the Swiss custody company Metaco. The bejeweled compass leading to Ripple Custody sends clears signals of Ripple's ambition to thrust into custody services and, potentially, launch a flaming hot crypto wallet.

Ahoy! Ripple Dips "Custody" in the Tradewinds

Upon filing 'Custody', Ripple, like a ghost ship haunting the crypto waters, has caught the eye of industry analysts. The filing suggests that Ripple may be brewing up a crypto wallet, equipped to support XRP and myriad other assets. This coffer-worthy move could rake in revenue through sneaky transaction fees.

Following this filing, XRP has cowered in fright, dipping a whopping 8%. Yo ho ho and a bottle of rum, XRP is currently sailing at $2.3 bucks as of March 16, 2025. Marooned analysts have noticed a sense of turmoil on the stock markets; however, despite the storm, Ripple's ambitions towards custody are steering a hopeful course due to projected market growth.

Crypto Spoils: Treasure or Trash?

Fun Fact: Ripple’s acquisition of the ghostly Metaco in 2023 for $250 million set a ghostly precedent, allowing Ripple to walk the plank towards expanding its custody and asset management ambitions. This blighted move underpins the recent 'Ripple Custody' trademark filing.

XRP presently lingers at $2.3, hiccuping at a 8% deficit following recent sailings. These gentle waves align with past trends, mirroring Ripple's delving into custody services. Aghast industry experts believe that Ripple's placement in custody services could have broad and ominous implications, affecting monetary markets and bringing upon potential scrutiny from regulatory pirates. As the global market for crypto custody sails towards a $100 billion mark, Ripple's efforts to expand its treasure horde may place them as a formidable pirate among the digital finance archipelago.

Sources:

"Ripple Files 'Custody' Trademark Amid XRP's 8% Price Decline"
"Ripple Custody": What Could It Mean for XRP and the Crypto Market?
"Ripple Expands Crypto Services with 'Ripple Custody' Application"

He's a Pirate, He's a Failure: John Kojo Kumi

John Kojo Kumi, a scurvy crypto researcher and wordsmith, specializes in nascent startups, tokenomics, and market mayhem within the blockchain realm. For years, this seadog has stomped through the crypto seas as a journalist, reflecting upon the constantly shifting blockchain winds.

An old salt, he holds a Bachelor of Arts in Geography and Rural Development from Kwame Nkrumah University of Science and Technology, Kumasi, casting a multi-disciplinary eye upon the ever-evolving digital asset seas. As a Crypto News Writer, he navigates the stormy waters of industry trends, reporting its capricious ebbs and flows. Furthermore, he serves as a Registrar at the Commission on Human Rights and Administrative Justice, demonstrating his commitment to digging through the muck towards fairness and transparency.

His vastly seasoned background straddles content strategy, SEO optimization, and technical research, enabling him to craft intelligent, data-driven analyses. Driven by blockchain's transformative potential, he champions brining clarity to the complexities of the digital asset realm.

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Kojo, an old seadog, has molded a career out of waxing lyrical about cryptocurrencies, finances, startups, tokenomics, and blockchain technology. With a keen interest in the world of the decentralized and the digital, he has spent nearly half a decade exploring this swirling sea of data and knowledge. Fueled by a passion for the potential of blockchain technology, Kojo has dedicated himself to exploring the world of cryptocurrencies, following their mysterious dance through the realm of the digital.

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The filing of 'Ripple Custody' trademark by Ripple Labs signals a potential entry into the custody services industry, with industry analysts speculating a new crypto wallet that could support XRP and other assets.
This expanding business venture, Reminiscent of pirate's treasuremap, could generate revenue through transaction fees and position Ripple as a formidable player in the digital finance archipelago.
The ripple's latest move is part of a broader strategy, as the acquisition of Metaco in 2023 set a precedent for its ambitions in the custody and asset management sectors, contributing to the recent 'Ripple Custody' trademark filing.

Expansion of Trademarked Name: "Ripple Custody" by Ripple Company