Ripple plans to Expand its Business in London Ripple’s General Counsel, Stuart Alderoty, recently tweeted about the company’s plans to expand its business in London. Although Alderoty did not disclose further details about Ripple’s expansion plans, it is possible that the blockchain company is seeking to onboard new partners or open more offices in the region.
Ripple Considers London a Safe Environment
Unlike the United States, the United Kingdom has clear crypto regulations and does not consider XRP a security. In 2016, Ripple announced that it had opened a new office in London to serve growing bank demand in the region. Ripple CEO, Brad Garlinghouse, disclosed in an interview with CNBC in October 2020 that the company is considering moving its headquarters to London due to regulatory uncertainty in the US.
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