Payment Riple company behind XRP, bought the Icelandic company in the field of kriptoloji Algrim to expand its presence in the European market.
The parties did not disclose terms of the deal, but we know that a team of six developers will be the basis of new engineering cells preocedures to the London office.
According to the RIPL, the acquisition will play an important role in the development and promotion of products of liquidity demand on the basis of XRP, for cross-border payments. Command Algrim will help American colleagues to expand the scope of digital assets and blockchain technology.
Further Riple plans to hire more professionals to open a separate office in Iceland.
The European market is attractive for foreign companies because of progressive management and distribution of digital assets. For example, last week the Stuttgart stock exchange started trading cryptocurrency.
text: Ivan Malichenko, photo: i1.wp