Join Our Mailing List
Saturday April 01, 2023
Bitcoin (BTC) $27,885.47   Ethereum (ETH) $1,774.26
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Ripple

Ripple (XRP) launches operations in Iceland

Published by CryptoNinjas.net
09/30/2019
Ripple

Ripple, the leader in enterprise blockchain solutions for cross-border payments, today announced it has launched operations in Iceland to further expand its presence in Europe. In addition, the company welcomes a new team of engineers with its ‘acqui-hire’ of Icelandic crypto trading firm Algrim.

Last week, the Ripple team 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.

Earlier this year, Ripple signed on several of the world’s largest financial institutions – such as MoneyGram – to its global payments network, RippleNet. To keep up with strong customer demand and market opportunity, Ripple is rapidly expanding its team on a global scale with today marking its second engineering talent acquisition in one week.

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. 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.”
– Christopher Kanaan, Ripple SVP of Engineering

Led by seasoned industry executive Dadi Armannsson, the former Algrim team will provide Ripple with more than a decade’s worth of experience building trading platforms. For the past two years, Algrim has developed its crypto trading platform integrating over 30 markets. Before that, the team spent over a decade building traditional trading platforms and foreign exchange trading algorithms.

“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.”
– Algrim CEO Dadi Armannsson

This acquisition and opening of the Iceland office will accelerate Ripple’s global reach, bringing on strategic partners and financial institutions to RippleNet. Ripple has over 200 customers signed on to RippleNet with over a dozen customers leveraging XRP in cross-border transactions.

33
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Royal Monetary Authority of Bhutan and Ripple to pilot CBDC with private blockchain

09/22/2021
Royal Monetary Authority of Bhutan and Ripple to pilot CBDC with private blockchain

Ripple, the provider of enterprise blockchain and crypto solutions for cross-border payments, today announced a collaboration with Bhutan’s central bank, the Royal Monetary Authority (RMA), to pilot a central bank digital currency (CBDC) using...

Read more

Banco Rendimento first bank to use Ripple’s blockchain payments in the cloud

06/15/2020
Banco Rendimento first bank to use Ripple’s blockchain payments in the cloud

Ripple, a provider of enterprise blockchain solutions for payments, today announced Banco Rendimento has launched with RippleNet Cloud. As the first bank to use Ripple technology entirely in the cloud, Banco Rendimento joins nearly...

Read more

Thailand remittance payment platform DeeMoney connects to RippleNet

03/19/2020
Thailand remittance payment platform DeeMoney connects to RippleNet

DeeMoney, a fintech company based in Thailand specializing in digital cross-border money transfers, has announced its platform is now processing live transactions, in partnership with Ripple, the enterprise blockchain solution for global payments. Through...

Read more

Azimo to use Ripple ODL and XRP for remittances into The Philippines

02/26/2020
Azimo to use Ripple ODL and XRP for remittances into The Philippines

Ripple, the cross-border payment network powered by distributed ledger technology (DLT), today announced a new partnership with European digital money transfer service Azimo. The company has launched with Ripple’s On-Demand Liquidity (ODL) service as...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022

HitBTC adds BitcoinCash futures before the hard fork

07/29/2017
Crypto trading platform Caspian raises $16 million in token pre-sale

Crypto trading platform Caspian raises $16 million in token pre-sale

09/17/2018
Cross-chain crypto staking platform: RSTAKING

Cross-chain crypto staking platform: RSTAKING

11/16/2022
Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol

Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol

02/15/2023
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy