Ripple rises from SEC Clash, targets global crypto dominance: UK and Europe in sight!

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After a partial victory against the powerful US Securities and Exchange Commission (SEC), Ripple is not just resting on its laurels. The cross-border money transfer company is charting its course to global dominance, focusing its efforts on strategic expansion into Europe and the UK. Who says crypto doesn’t make for a compelling underdog story?

UK calls: Ripple responds with license request

Seizing the momentum from its SEC lawsuit, Ripple is looking to the UK, with the intention of establishing itself as a crypto asset company. This exciting update comes straight from the horse’s mouth. Ripple Europe Managing Director Sendi Young spilled the wick during an interview with DL News. Looks like Ripple is taking the phrase “strike while the iron is hot” pretty seriously!

The European dream: a payment institution license in Ireland

Ripple’s ambition does not stop in the UK. The company is also aiming for a piece of the European pie by applying for a payment institution license in Ireland. The move underscores Ripple’s plan to treat the United States as its global hub while extending its tentacles across the pond. It’s time to pack your bags for a vacation in Europe, Ripple style!

Ripple’s growth frenzy: an increase in the workforce

But what about the future? Ripples’ growth plans in the UK and Europe may not yet have a numerical target, but Young confirms a continued increase in headcount and hiring for critical positions. The company has increased its UK and European workforce by 75% over the past eighteen months.

Also Read – Ripple Saga Continues: ‘Crybaby’ SEC Appeal Set to Collapse

From its offices in London, Dublin and Reykjavik, Ripple maintains its commitment to the United States as a global hub. However, in the two years since the SEC lawsuit, most business expansion has occurred outside the United States,” according to Young, who anticipates further growth in the United States.

Ripple’s philosophy on regulation and innovation

Addressing the recent SEC crackdown on crypto firms, Young argues for a more nuanced approach. She believes that ‘regulation by enforcement’ is neither productive nor conducive to innovation and investment, and that other jurisdictions such as the UK and EU could seize this opportunity to attract global companies.

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