Ripple President: Acquiring Bitstamp Will Help the Company Expand Its International Influence and Go Beyond the Payment Sector

ChainCatcher news, according to The Block, Ripple President Monica Long stated that the company's recent equity acquisition of the European cryptocurrency exchange Bitstamp will help further expand the company's international influence and diversification beyond payments.

According to The Block's data dashboard, Bitstamp is the fifteenth largest spot cryptocurrency trading platform in the world by trading volume.

It is reported that Ripple acquired a small stake in the cryptocurrency trading platform Bitstamp from Pantera Capital in the first quarter of this year, but the specific share percentage has not been disclosed. (source link)