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Metaco and HCBC Partnership Excites XRP Community! Metaco, purchased by Ripple, has taken a significant step in the crypto world in cooperation with HSBC. The “XRP army,” plunged into speculation about HSBC potentially adopting the XRP Ledger (XRPL) and XRP token shortly.
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Metaco’s CEO Treccani highlights that the cooperation with HSBC was not a quickly developing process after Ripple purchased the company. It turns out Metaco has been in contact with HSBC for over 18 months. While Treccani admits to an indirect correlation between the Ripple protocols and Metaco’s banking customers, he notes that the success of both companies affects each other. Metaco and HCBC Partnership is going on very well.
Treccani says, “Adoption of Ripple and Metaco encourages the adoption of the XRPL protocol. Ripple’s successes mean success for the XRP Ledger.” He adds that the service provided to HSBC involves not only infrastructure but also support in areas of tokenization lifecycle, payment methods, and liquidity management.
However, after the sale of Metaco, it was reported that some banking customers were worried and wanted to move their services to other banks. This concern is due to Ripple’s dispute with the U.S. Securities and Exchange Commission (SEC).
While Treccani notes that some of the speculation is “ too crazy,” he emphasizes this development will not bring any changes for customers. He points out that large banks like HSBC are searching for robust digital asset storage technology in the world of tokenization. Treccani predicts the adoption of cryptocurrencies is a process and many banks will embrace these currencies over time.
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