Ripple Expands European Operations to Iceland


October 1, 2019 12:45 am

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Ripple expands its operations into Iceland with its crypto trading firm Algrim in a blog post on Sept. 30. The acquisition includes six engineers to Ripple’s ranks. This new team will be playing an integral role in its On-Demand Liquidity (ODL) program. The announcement included that Iceland will now serve as one of the company’s engineering hubs, joining London as another European base. 

Amir Sarhangi, Ripple’s vice president of products said:

“This team hits the ground running as opposed to building out a team that has to gain this knowledge.”

According to the announcement, Algrim has merged more than 30 markets into its developing crypto-trading platform over the past two years. Its engineers bring more than a decade’s worth of experience to the Ripple team.

Dadi Armannsson, CEO at Algrim said:

“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.”

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