Ripple Plans to Hire Staff in These Countries

Rip­ple intends to increase its head­count in the fol­low­ing months. How­ev­er, the Unit­ed States of Amer­i­ca is not a mar­ket that it will touch upon.

In the fol­low­ing lines, we will pin­point the des­ti­na­tions that will wit­ness such expansion.

Ripple to Strengthen its Presence in Asia and Europe

The pro-XRP lawyer John Deaton said he has inside infor­ma­tion that Rip­ple will hire more employ­ees in Dubai, Sin­ga­pore, and Lon­don. He claimed the state­ment came from the company’s CEO – Brad Garlinghouse.

At Main­net and @bgarlinghouse just said: “We’re hir­ing in Dubai, We’re hir­ing in Lon­don, We’re hir­ing in Singapore…”

Now I ask: Do you feel protected?

— John E Deaton (@JohnEDeaton1) Sep­tem­ber 20, 2023

Numer­ous X (Twit­ter) users think this move makes sense due to the reg­u­la­to­ry uncer­tain­ty in Ripple’s home­land – the USA – and the issues the com­pa­ny has with the local secu­ri­ties watchdog. 

The pop­u­lar trad­er, going by the name KALEO, jok­ing­ly said the firm has cho­sen to expand in oth­er areas due to the low unem­ploy­ment lev­el in the world’s largest econ­o­my that makes it “impos­si­ble to find a good Amer­i­can employ­ee who needs a job.”

Gar­ling­house recent­ly stat­ed that over 80% of the company’s hir­ing this year will hap­pen in nations where “gov­ern­ments are part­ner­ing with the indus­try, and you’re see­ing lead­er­ship, they’re pro­vid­ing clear rules, and you’re see­ing growth.” He point­ed out Sin­ga­pore, Hong Kong, Dubai, and the Unit­ed King­dom as such examples. 

The Ripple v SEC Lawsuit Plays a Huge Role

It is safe to assume that one fac­tor prompt­ing Rip­ple to strength­en its pres­ence across the globe instead of the US is the ongo­ing legal bat­tle with the SEC.

The cryp­to com­pa­ny secured a land­mark but yet par­tial win against the reg­u­la­tor in mid-July when the court ruled that Ripple’s sale of XRP did not con­sti­tute an offer of invest­ment con­tracts. Expect­ed­ly, this act­ed as a major cat­a­lyst for the asset’s price.

How­ev­er, the SEC was unhap­py with the rul­ing and for­mal­ly appealed it at the begin­ning of Sep­tem­ber. Some believe the Commission’s request will hit a dead end, mean­ing Rip­ple will man­age to score a deci­sive win, which will even­tu­al­ly push XRP north again. KALEO is among those who shared that thesis.