It’s been revealed that Ripple just made it under the spotlight due to the latest reports.
Investing.com wrote that the blockchain-based payments firm Ripple Labs has now registered a business in Wyoming.
“According to records from the Wyoming Secretary of State, Ripple Markets WY LLC’s status as a local business is listed as “active” after an initial filing in February 2020. As a limited liability company in Wyoming, Ripple’s registered agent will be based in Cheyenne,” the online publication mentioned above noted.
Ripple is expanding its reach in the Asia-Pacific market
The company said that it is looking for a manager for institutional markets who will play an instrumental role in the company’s efforts to expand its reach in the Asia-Pacific market.
“Assist the team with developing and managing relationships with market makers, brokers, exchanges, and other institutional market participants with a focus on the APAC region.”
More than that, the successful candidate will also take the lead in facilitating the institutional adoption of XRP in the region.
“This role will support and work closely with a team of financial professionals on the Institutional Markets team, responsible for managing and expanding XRP liquidity and utility,” according to the notes.
The announcement continues and reveals that “Ripple’s vision of an Internet of Value requires digital asset efficiency as well as a healthy crypto market, and robust liquidity is a core component of making that vision a reality.”
There are all kinds of XRP-predictions about the price of the coin,m and despite the SEC scandal, these are pretty bullish.
At the moment of writing this article, XRP is trading in the red and the digital asset is priced at $0.5901.
Even if Bitcoin and Ethereum’s prices are dropping today, it seems that the one of XRP is doing better.
The price of the coin is up by more than 9% in the past 24 hours.