Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 3-18-25
Good Afternoon Dinar Recaps,
RIPPLE’S NEW TRADEMARK FILING SPARKS SPECULATION ON UPCOMING CRYPTO WALLET
▪️Ripple's "Ripple Custody" trademark hints at new crypto asset storage and management services for institutions.
▪️With the crypto custody market set to hit $100B, Ripple’s move could expand its influence beyond payments into secure asset management.
Ripple Labs, the blockchain company behind the XRP token, has officially filed for a new trademark for the word mark ‘Ripple Custody.’
The filing, submitted on February 25, 2025, with the United States Patent and Trademark Office (USPTO), includes a broad range of services. Ripple seeks to offer downloadable software for the custody, transmission, and storage of various currencies, including cryptocurrency, fiat currency, virtual currency, and digital currency. The trademark also covers financial services related to the safekeeping of these assets for financial management purposes.
Expanding into Crypto Custody Services
Ripple’s application includes offerings in multiple categories, including:
▪️Downloadable software for custody and transmission of various digital currencies.
▪️Custodial services, maintaining the storage and possession of digital and fiat currencies for financial management.
▪️Peer-to-peer network services, enabling the electronic transmission of financial data over networks for custody and storage.
▪️Software as a Service (SaaS), providing temporary online software for cryptocurrency custody, transmission, and storage.
Ripple’s recent trademark filing for “Ripple Custody” has sparked speculation about whether the company will launch a crypto wallet.
The filing shows that Ripple is focused on offering secure storage and management for digital assets. While it doesn’t directly mention a wallet, this move suggests Ripple may expand its services to include wallet features in the future, helping users and businesses manage their cryptocurrencies more securely.
The application is currently in its early stages, with a status of “New Application” and no examiner yet assigned. While the filing process can take several months, Ripple’s move into custody services could further bolster its position within the crypto ecosystem, expanding its reach beyond cross-border payments to secure asset management solutions.
Growing Market for Secure Digital Asset Custody
The global cryptocurrency custody market is expected to surge to $100 billion within the next decade, driven by growing institutional adoption and increasing regulatory clarity.
As the demand for secure asset storage solutions rises, Ripple’s strategic moves to expand in this space position the company well to meet the needs of institutional clients, who require secure custody services for their digital assets.
@ Newshounds News™
Source: Coinpedia
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US HEADING FOR ‘FUTURE UPHEAVAL’ DUE TO ITS EMBRACE OF CRYPTO, SAYS ECB GOVERNING COUNCIL MEMBER: REPORT
The Trump Administration’s embrace of crypto is reportedly putting international financial stability at risk, says Francois Villeroy de Galhau, a member of the European Central Bank’s (ECB) Governing Council.
Villeroy de Galhau tells the French news outlet La Tribune Dimanche that the US “risks sinning through negligence,” according to Bloomberg.
“Financial crises often originate in the United States and spread to the rest of the world. By encouraging crypto-assets and non-bank finance, the American administration is sowing the seeds of future upheavals.”
The ECB official, who serves as governor of France’s central bank, also argues that Europe isn’t at risk of a banking crisis because the European Union (EU) is doing a superior job of supervising crypto.
The ECB has also been pushing for a digital euro to counter US President Donald Trump’s embrace of dollar-pegged private sector stablecoins.
ECB board member Piero Cipollone said at a conference in January that Trump’s new executive order on crypto could drive people away from banks.
“I guess the key word here (in Trump’s executive order) is worldwide. This solution, you all know, further disintermediates banks as they lose fees, they lose clients… That’s why we need a digital euro.”
However, vocal opposition to the ECB’s digital euro project swelled after the institution’s payment system crashed last month.
TARGET2 (T2), the ECB’s real-time gross settlement system, went down in late February, which prevented payments from being processed for several hours.
German MP Markus Ferber, a member of the European People’s Party, says the outage was “a blow to the ECB’s credibility.”
“People will ask legitimate questions how the ECB will be able to run a digital euro when they cannot even keep their day-to-day operations running smoothly.”
@ Newshounds News™
Source: DailyHodl
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