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Ripple Acquires Icelandic Crypto Trading Company Algrim

California-based fintech startup Ripple hopes to step up operations in Europe with the acquisition of Icelandic crypto trading firm Algrim. Ripple continues its acquisition streak, and launches operations in Iceland. Welcome to the family, Algrim! https://t.co/suIyB4PVs4 – Ripple (@Ripple) September 30, 2019 Ripple representatives emphasized that Algrim will play a key role in developing products that provide liquidity on demand. These products […]

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California-based fintech startup Ripple hopes to step up operations in Europe with the acquisition of Icelandic crypto trading firm Algrim.

Ripple representatives emphasized that Algrim will play a key role in developing products that provide on-demand liquidity. These products are intended for cross-border payments and are based on the XRP token, which has long occupied the third line of CoinMarketCap.

The company believes that Iceland will become one of the most important development centers contributing to the development of the RippleNet network. Also, representatives of a California startup promised to attract more technical specialists to the new office.

Information about the transaction amount is not disclosed.

Recall that through the acquisition of the Logos Network platform, Ripple intends to develop a line of DeFi products using the XRP token.

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OlympusDAO transfiere parte de su liquidez al Protocolo Balancer

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OlympusDAO transfiere parte de su liquidez al Protocolo Balancer

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eToro amplía su inversión en Estados Unidos

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Las transferencias de tokens ACA se habilitarán el 25 de enero

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El token ACA, el activo nativo de gobernanza y utilidad de Acala Network, se habilitará para las transferencias de tokens el 25 de enero alrededor de las 5 am UTC.

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