Ripple Drops Acquisition of Fortress Trust, Will Continue Collaboration!

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Ripple will no longer proceed with the acquisition of Fortress Trust, according to CEO Brad Garlinghouse. The decision came after the signing of a letter of intent three weeks earlier. Although Garlinghouse did not give a specific reason as to why the acquisition was dropped, Ripple will remain invested in the company. Ripple previously acknowledged Fortress Trust’s potential to complement the company’s ongoing developments and transform the enterprise crypto market. Despite ending the current arrangement, Garlinghouse noted future opportunities for the two companies to collaborate.