Ripple is the 4th largest traded coin is working to help companies move money across the world seamlessly with clients from all over the world. The firm value is estimated to be around 10million and even had plans to go IPO in 2020.
However in a recent interview with CNBC, the firms CEO Brad Garlinghouse mentioned about the US regulations to be harder on them and considering moving to London where Ripple is not considered as a security. Further he added, “What you see in the U.K. is a clear taxonomy, and the U.K.’s FCA took a leadership role in characterizing how we should think about these different assets and their use cases,”
This will force Ripple to move its current headquarters from San Fransisco to London or any other regions they plan to move. Singapore, Japan, United Arab Emirates(UAE) and Switzerland are being considered as well. Ripple has been going through a lot of legal battle with the US regulators. The company had to spend a lot of their time and energy to convince a lot of different agencies which has created tremendous pressure. It may makes sense to move to regions where the regulations can help the crypto movement. However with this move, US may loose a edge with massive crypto adapters such as Ripple by not harboring future technology.