Ripple which faces legal problems and uncertain regulations in the United States has taken another step to increase its investments abroad . The company has secretly purchased shares from the European cryptocurrency exchange Bitstamp in a move that to expand its operations beyond the US market .
Ripple’s Move to Diversify Services and Strengthen Global Position
Monica Long who is the general manager of Ripple revealed that the share purchase was part of Ripple’s efforts to diversify its services and reinforce its position in the global market . The company aims to expand its operations beyond the United States and investing in Bitstamp is a significant step in that direction . Bitstamp’s long-standing presence in the crypto industry particularly in the institutional space makes it a valuable partner for Ripple .
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