Summary:
- Ripple, the blockchain company behind the XRP cryptocurrency, has launched a new crypto storage service for banks and financial institutions.
- The service, called Ripple Custody, is designed to help banks and other financial firms securely store and manage their digital assets.
- The move is part of Ripple's broader strategy to diversify its business beyond just facilitating cross-border payments, as the company looks to expand its reach in the growing crypto and blockchain industry.