Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
Ripple, the company behind the third-biggest cryptocurrency by market cap, XRP, has announced yet another acquisition as the company looks to continue expanding its growth and adoption across the globe.
Ripple has been under a bit of pressure from its community of late with the companies control of the supply of XRP catching the ire of many in the XRP community. The company has been accused of manipulating the price of the token by dumping coins onto the market, something they have denied.
However, in terms of the work being done by the company in charge of the XRP token, they are continuing with their primary business of pushing adoption of the interbanking token. The latest move has seen Ripple acqui-hire the Icelandic crypto trading firm Algrim.
This sees the launch of the company in the small nation of Iceland, in the North Sea, but also helps them get a further footing in Europe and also follows off the back of another acquisition announced just last week.
The previous acquisition preceding this one saw Ripple announced its acquisition of Logos, adding eight engineers to the Xpring team who will lead the charge in exploring solutions for a decentralized finance (DeFi) system built on XRP.
The idea behind this latest aqui-hire is not only to get a footing in Europe and Iceland, but also to use the expertise of those in the icelandic company. The new Icelandic team will play an integral role in the ongoing development of Ripple’s On-Demand Liquidity (ODL) product which utilizes XRP for production cross-border payments. Iceland will serve as one of Ripple’s engineering hubs with plans to bring on more technical talent in the region.
“With built-in expertise in trading and exchanges, the addition of Algrim’s engineering talent to our team will be instrumental in continuing the momentum we’re already experiencing with On-Demand Liquidity,” said Christopher Kanaan, SVP of Engineering. “We’ve been committed to sourcing expert crypto and trading talent in key global markets since day one, and the acquisition of the Algrim engineering team is a successful example of doing just that.”
Powerful ally
Although Iceland is a small nation, and hardley a heavy hitter in the blockchain and cryptocurrency space, Ripple have done well to integrate with them as there is a lot of experience and expertise at their back.
Algrim has integrated more than 30 markets into its developing crypto trading platform over the past two years. It’s engineers bring more than a decade’s worth of experience to the Ripple team, according to the announcement.
Algrim CEO, Dadi Armannsson explained:
“Both companies share a vision to enable widespread adoption of digital assets and blockchain technology, which aligns directly with what we’ve been working towards for the past several years.”
Ripple could use some help in pushing it to become the trusted cryptocurrency for interbanking and cross border payments as there is a developing competition emerging from the likes of JPMorgan and Wells Fargo, who major institutions who are developing their own solutions.
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
TRENDING
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Binance´s Launchpad Gears Up Tor Arkham Token Sale, Starts Recording BNB Balances
2 months ago | Benzinga
Arkham´s New Crypto Intel Trading Platform: A Game Changer For Traders?
2 months ago | NewsBTC
Bitcoin Could Rise to $120K by End-2024: Standard Chartered
2 months ago | Coindesk
Bitcoin Edges Lower; Bone ShibaSwap Becomes Top Loser
2 months ago | Benzinga
JustBit Casino Review
JustBit Casino, which specializes in virtual currencies, is easy to use because withdrawals are expl...
Huobi Token General Overview
Is Ripple The Cryptocurrency of 2021? - In Depth Review of Ripple XRP
Ethereum Classic Review
Monero General Overview
YouHolder
YouHodler is not just another player in the crypto space; it's a dynamic and innovative company ...
XBO
XBO.com cryptocurrency exchange redefines how you interact with crypto. Designed to make the benefit...
Bithumb
Understanding Bithumb This article highlights what is Bithumb and where it is located. It also di...
Bitstamp
Bitstamp's continued success in the crypto market This article highlights what Bitstamp is. I...
Bitfinex
Bitfinex general overview delves deep into its operations since its inception in 2012 up to date. It...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Ripple on a Run: Announces Expansion into Iceland
Ripple, the company behind the third-biggest cryptocurrency by market cap, XRP, has announced...
6 Types of Crypto-currency: The Story of Revolution
Despite being the subject of a third decline in value last October, Bitcoin has managed to climb...
IS PROOF OF STAKE (POS) THE FUTURE OF CRYPTOCURRENCY?
Proof of Stake is one of the valuable elements of modern blockchain architecture. It is...
Bitcoin Scarcity Reaches New Milestone with 85 Percent of Coins Mined
As of today, August 1, ofically 85 percent of all possible Bitcoin has been mined and entered...
How To Go About Shorting Bitcoin
Another way to short bitcoin is through bitcoin futures contracts. In futures contracts, the...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
COMMENTS (0)