Ripple is a trans-border cryptocurrency payment company. CEO Brad Garlinghouse said that the company is currently in its growth phase and looking into different segments of crypto for possible mergers or acquisitions.

In his interview with CNBC during the World Economic Forum in Davos, Garlinghouse stated that has “a very strong balance sheet” for the company’s future growth opportunities. Garlinghouse sees a rise in blockchain- and cryptocurrency-related mergers and acquisitions. Ripple will consider potential deals, if that happens, Garlinghouse states.

“There is a lot of growth in crypto and we are looking a lot at different segments in crypto for growth. We’ve been investing in over 30 or 40 companies around the crypto ecosystem and we continue to look for opportunities to grow through external acquisitions also,” the CEO of Ripple added.

Ripple, a San Francisco company that is based in San Francisco, announced today its partnership with University College London’s Center of Excellence on Blockchain Technologies. The deal aims to explore “the rapidly-evolving world of digital assets at the enterprise level”, the company underlined.

To detail the ever-evolving digital asset landscape at enterprise level, we teamed up to @uclcbt. In our most recent report, learn more about both the financial and non-financial uses of digital assets at corporate level. https://t.co/hmB6PgUcb8 pic.twitter.com/9o6hpWL6Lv

— Ripple (@Ripple) May 31, 2022

Ripple entered into a partnership agreement with FINCI, a leading European fintech company in May to open up new markets to its On-Demand Liquefy (ODL) service. It is designed to make cross-border payments easier and faster for business and retail customers from Mexico and European nations. Ripple stated that the plans were made in response to growing interest blockchain-based payments services.

Ripple’s Team in India Expands

Ripple, in addition to expanding into Latin American and European territories, is exploring Asian markets for CBDC and other CBDC products.

Brad Garlinghouse’s speech during the World Economic Forum was expounded by Ripple’s plans to set up a new office in India. As shown in its job listings, the blockchain payment provider is hiring a senior project manager for central banks in the Bengaluru province, India’s major IT hub and one of the fastest-growing tech ecosystems in the world.

The new hire will play a lead role in Ripple’s engagement with central banks around the world, and oversee the execution of various central bank digital currency (CBDC) projects deemed to have a “national and global impact”.

India is ranked second on the global crypto adoption index. The nation’s crypto sector has actively grown over the years, and crypto ownership has been steadily increasing since 2021.

Open for an IPO

Ripple and the XRP cryptocurrency have been gaining momentum for some time. This was only confirmed when Brad Garlington suggested that the company might explore an Initial Public Offering (IPO), once the lawsuit against the U.S Securities and Exchange Commission has been settled.

Since Garlington’s interview, the XRP has seen a 9% rise in value, and is trading at $0.4174 at the time of writing. Ripple’s XRP currently ranks as the seventh-largest crypto with a $20.18 billion market cap.

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