Ripple Labs Opens Digital Currency Office in Sydney
Ripple Labs has shared its plans to expand to the Asia Pacific region by opening a digital currency office in Sydney, Australia. The company, which was formerly known as OpenCoin, developed the Ripple protocol which interconnects the world's financial systems to enable the secure, real-time transfer of funds in any currency. Ripple Labs is a San Francisco-based startup funded by investors from Google Ventures, Andreessen Horowitz, IDG Capital Partners, and Core Innovation Capital. Digital Currency Acceptance in Asia Pacific. With its latest move to open a digital currency office in....
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The company behind the consensus network and currency, Ripple, has announced a new office in Sydney, Australia as part of a push further into the large Asian and Pacific markets. "We are excited to formally unveil a presence in Asia Pacific - an area that has been aggressively pursuing faster payment technologies for both domestic and cross-border payments," said Ripple Labs CEO and co-founder Chris Larsen. According to a Ripple Labs, the expansion is to meet a "growing demand" for the currency's payment services in the region. Unlike Bitcoin, Ripple relies on intermediaries to work as....
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