Ripple INC. is now the biggest employer after it got on an expansion spree, by hiring more than 500 people around the world. Despite the layoffs in the smaller cryptos, the price drop of XRP seemed to faze the company and they are now on a mission to offer a protocol that will compete with SWIFT as per the reports in our ripple news.
The statistics show that the latest employments expanded the company staff to 534 people in offices around the world and the statistics show that Ripple INC opened six offices in strategic locations to cover the region. The statistics by the data analytics company Craft.co, says that the company is still on an expansion spree in most departments. Ripple located most of the staff in crypto-friendly regions including the UK, US, Singapore and India, and Brazil. Employing workers will also help Ripple to popularize the payment system as well as the XRP coin. The company opened new positions for development managers in three of the global offices and they are now looking for developer talent.
The staff seems to be pretty happy working at Ripple since more than 100 respondents rated the company at 4.8 out of five stars. Ripple continues to work hard despite the low market price of its XRP coin. They have strong expectations of reaching an even lower valuation since the coin is struggling to find support. XRP has lost about 50 percent since the start of 2019 and became one of the few assets that didn’t gain a lot. XRP failed to rise for the holidays despite the increased social media activity.
XRP is seeing some low price levels is seen as a wild card in the long term. However, during the bear market in 2018, XRP erased most of the value which led to personal disasters. XRP dropped from the highs of around 17,500 Satoshi to about 3,000 Satoshi with the downtrend still continuing. XRP leads to indirect losses of BTC positions as well and poses a high risk combined with the stagnating trading volume.
During the latest sell-off, the volumes expanded to $1.9 billion in 24 hours and the coin reached innovative exchanges that still have to prove their liquidity and organic action.
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XRP appeared on ZB.com and BKEX.
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