The Ripple global takeover marches on with brand new European offices in an effort to further expand its presence in the region.
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.
Ripple has also bought Icelandic crypto trading firm Algrim and its team of gifted engineers to help expand its reach deep into Europe.
All of this adds further fuel to the fires of rumor with stories like XRP potentially replacing the EURO one day.
Clearly Ripple is on a mission to grow and develop a strong tech team and all of this tends to indicate Ripple’s accelerating momentum.
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. 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
Christian Kanaan – Ripple SVP of Engineering
We also reported that EU blockchain thinktank INATBA had added two members, SWIFT, and IBM, with Ripple as a founding member.
Algrim Tech Team
The Algrim team boasts over a decade of experience in building digital trading platforms, its own platform links 30 markets globally.
Ripple’s Icelandic office is directly related to accelerating its global domination, attracting even more partners to join RippleNet.
The decision to join the Ripple team was a natural fit — 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. We are big believers in XRP and the XRP Ledger, and eager to help build the future of payments at Ripple
Dadi Armannsson – Algrim CEO
The growing fintech company now boasts over 250 RippleNet partners, making around one major signing every week.
More importantly, more than twelve its customers are leveraging Ripple’s digital asset XRP in cross-border payments and remittances.