Digital payments giant Ripple appears to be gearing up to expand its network by acquiring a nameless company that is knowledgeable about developing exchange platforms.
This week, XRP researcher Steven Diep shared news about the acquisition in a video titled “Ripple – Enhancing Our Global Payments Infrastructure Using Blockchain Technology and Data Science” from June last year with Jennifer Xia, Senior Data Scientist at Ripple.
“In particular, we recently acquired a company whose expertise lies in building trading platforms and integrating them into the exchange of digital assets. This is important as we scale the business, enter more markets and think about developing more complex payment strategies. “
This is not the first clue to suggest that Ripple is preparing to launch a novel trading platform.
Ripple posted some job advertisements in 2020 indicating that the company had intentions to develop a vaguely defined crypto exchange.
Last October, Ripple was looking for an experienced liquidity software developer who would help build a distributed corporate trading platform that would provide real-time access to crypto markets.
Previously, in May 2020, the company was looking for a software developer for liquidity staff and a separate position for a technical manager. The development of a new trading platform for companies was mentioned directly in both job offers.
It is currently unclear whether the trading platform is for internal use or is part of a consumer product under development.
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