Ripple has decided against acquiring Fortress Trust after previously signing a letter of intent, CEO Brad Garlinghouse said.
Ripple has decided against the outright acquisition of Fortress Trust after previously signing a letter of intent, CEO Brad Garlinghouse said.
Despite the change in plans, Ripple will remain an investor in Fortress and continue to support the team in the future, Garlinghouse added.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Ripple has decided against the outright acquisition of Fortress Trust after previously signing a letter of intent, according to CEO Brad Garlinghouse.
"A few weeks ago, we signed a letter of intent to acquire Fortress Trust – we’ve since made the decision not to move forward with an outright acquisition, though Ripple will remain an investor in Fortress," Garlinghouse"The Fortress team is incredibly talented, and has built products solving real customer problems," Garlinghouse added.
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