Ripple explores new corridors xRapid in Asia
|- Ripple to capitalize on the support from the Asian region by expanding into Southeast Asia.
- Ripple doubles its staff team in Singapore from 12 to 24.
Ripple is still expanding its reach in the Asian region in a bid to push for cryptocurrency integration in the rapidly growing region. In Singapore, Ripple is reported to be doubling the size of its staff team from 12 to 24. According to reports published by both The Business Times and Finews.Asia Ripple is positioning itself at the forefront of the fintech-friendly region of Southeast Asia. The vice-president of global operations, Eric Van Miltenburg said in a comment:
“[It’s an] incredibly important market for the company, given interest from regional banks in using blockchain for payments.
The demand here is significant, so it’s an easy decision for us to continue to invest in this market and make sure that we can… also seek out new customers, new partners and new ways that we can work with the market.”
Ripple enjoys massive backing from Asia especially when it comes to banking support. Partners like InstaReM, CIMB Bank, SCB and BDO are all from the region. Moreover, the financial behemoth SBI Group, which has supported Ripple for a while now is based in Japan.
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