• Latest
Ripple Expands to Iceland, Acquires Icelandic Engineering Firm Algrim

Ripple Expands to Iceland, Acquires Icelandic Engineering Firm Algrim

October 1, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Ripple

Ripple Expands to Iceland, Acquires Icelandic Engineering Firm Algrim

coinnewsdaily by coinnewsdaily
October 1, 2019
in Ripple
0
Ripple Expands to Iceland, Acquires Icelandic Engineering Firm Algrim
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
ripple claims ‘a very big win’ in sec case

Ripple claims ‘a very big win’ in SEC case

April 19, 2022

Ripple the parent company behind the third-largest cryptocurrency XRP recently revealed that it has acquired an Icelandic engineering firm, Algrim that has developed a crypto trading platform.

With the acquisition deal, Ripple set to expand its business presence in Europe. As the firm has acqui-hired Algrim, its team will look after the development of Ripple’s On-Demand Liquidity (ODL) that leverage XRP in cross-border payment solution. The San-Francisco based Ripple has been in the acquisition and incubation effort for a quite long. The effort is designed to expand the adoption and ecosystem of XRP. Just a week ago, the firm acquired payment platform Logos, adding eight new engineers to the team of Xpring, the investment arm of Ripple. With acquisition of Logos, Ripple’s Xrping is stepping up to build XRP DeFi products.

Both team acquisitions point to Ripple’s strong market momentum and focus on attracting and developing the best in engineering talent – Ripple said in an announcement.

However, Algrim had developed a crypto trading platform but apparently fell victim to a spectacular theft. Following the acquisition, Christopher Kanaan, SVP of Engineering at Ripple said that they’re keen to source their talent and expertise of running the crypto trading platform in Ripple’s On-Demand Liquidity Solution. He said;

“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”.

Besides Christopher, Algrim CEO Dadi Armannsson believes that the acqui-hire deal indicates a “natural fit”. He says, Ripple and Algrim share a common vision and are encouraging the widespread adoption of crypto-blockchain technology. He further adds that the team at Algrim is the big believer in XRP, XRP Ledger and looking forward to helping Ripple in building future payments.

Per the acqui-hire deal, Ripple will now have the Iceland office to scale up Ripple’s global reach. Conclusively, the US-based payment firm elaborates that;

Ripple has over 200 customers signed on to RippleNet with over a dozen customers leveraging XRP in cross-border transactions.

It’s worth noting that its native cryptocurrency, XRP is currently surging by 0.10 percent within the past 24 Hrs. At the time of reporting, XRP is valued at $0.25 against USD, capturing the market capitalization of $11,069,566,162.

Image Source – Ripple

Credit: Source link

Share76Tweet48
Previous Post

Ethereum Name Service Auction Exploited to Grab Apple Domain – And It Can’t Be Undone

Next Post

Russian Nuclear Scientist Gets $7,000 Fine for Mining Bitcoin at Work

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot
Alt Coin

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
ripple claims ‘a very big win’ in sec case
Ripple

Ripple claims ‘a very big win’ in SEC case

April 19, 2022
ripple’s case: how will it affect xrp’s 2022 price?
Ripple

Ripple case: How will it affect XRP 2022 price?

April 17, 2022
price analysis 4/11: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/11: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 11, 2022
price analysis 4/6: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/6: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 7, 2022
price analysis 4/4: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/4: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 4, 2022
Load More
Next Post
Russian Nuclear Scientist Gets $7,000 Fine for Mining Bitcoin at Work

Russian Nuclear Scientist Gets $7,000 Fine for Mining Bitcoin at Work

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,520.00-1.26%
  • ethereumEthereum(ETH)$1,642.76-1.64%
  • tetherTether(USDT)$1.000.04%
  • binancecoinBNB(BNB)$323.49-1.63%
  • rippleXRP(XRP)$0.411336-0.54%
  • cardanoCardano(ADA)$0.400002-0.62%
  • dogecoinDogecoin(DOGE)$0.091789-1.90%
  • matic-networkPolygon(MATIC)$1.18-3.74%
  • okbOKB(OKB)$39.51-1.51%
  • solanaSolana(SOL)$24.38-2.17%
  • polkadotPolkadot(DOT)$6.692.78%
  • shiba-inuShiba Inu(SHIB)$0.0000122.56%
  • litecoinLitecoin(LTC)$98.60-1.63%
  • tronTRON(TRX)$0.0645681.56%
  • daiDai(DAI)$1.00-0.09%
  • cosmosCosmos Hub(ATOM)$14.68-1.04%
  • chainlinkChainlink(LINK)$7.11-2.19%
  • ethereum-classicEthereum Classic(ETC)$23.162.88%
  • moneroMonero(XMR)$173.27-3.11%
  • leo-tokenLEO Token(LEO)$3.35-0.24%
  • bitcoin-cashBitcoin Cash(BCH)$137.440.28%
  • stellarStellar(XLM)$0.092378-0.70%
  • filecoinFilecoin(FIL)$5.49-3.48%
  • crypto-com-chainCronos(CRO)$0.080674-0.81%
  • algorandAlgorand(ALGO)$0.254441-0.48%
  • vechainVeChain(VET)$0.024573-1.06%
  • internet-computerInternet Computer(ICP)$5.77-3.56%
  • aaveAave(AAVE)$88.44-3.04%
  • eosEOS(EOS)$1.090.46%
  • elrond-erd-2MultiversX(EGLD)$45.121.99%
  • theta-tokenTheta Network(THETA)$1.08-0.22%
  • tezosTezos(XTZ)$1.110.48%
  • huobi-tokenHuobi(HT)$5.8711.62%
  • paxos-standardPax Dollar(USDP)$1.000.80%
  • bitcoin-cash-svBitcoin SV(BSV)$42.90-1.73%
  • havvenSynthetix Network(SNX)$2.50-5.18%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.11-3.43%
  • dashDash(DASH)$61.64-1.72%
  • iotaIOTA(MIOTA)$0.233472-0.44%
  • neoNEO(NEO)$8.852.87%
  • makerMaker(MKR)$671.58-1.82%
  • zcashZcash(ZEC)$46.06-3.36%
  • zilliqaZilliqa(ZIL)$0.0287100.07%
  • basic-attention-tokenBasic Attention(BAT)$0.267979-1.77%
  • compound-governance-tokenCompound(COMP)$53.30-5.32%
  • nemNEM(XEM)$0.0400991.18%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$37.151.20%
  • bitcoin-goldBitcoin Gold(BTG)$17.01-2.30%
  • sushiSushi(SUSHI)$1.507.00%
  • qtumQtum(QTUM)$2.74-1.31%
  • wavesWaves(WAVES)$2.59-0.90%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • golemGolem(GLM)$0.2525072.59%
  • yearn-financeyearn.finance(YFI)$7,660.56-0.44%
  • omisegoOMG Network(OMG)$1.511.54%
  • ontologyOntology(ONT)$0.216407-0.08%
  • digibyteDigiByte(DGB)$0.010868-2.88%
  • umaUMA(UMA)$2.09-0.96%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%