Ripple CEO, Brad Garlinghouse said the San Francisco-based payments company will explore acquiring additional crypto ventures in the future.
The CEO believes that mergers and acquisitions will become more common in the crypto market.
He said, “I believe the blockchain and crypto market will see an increase in [mergers and acquisitions]. That has yet to be seen. But I believe that will happen in the future. And I’m sure we’ll think about stuff like that as the situation develops.”
Garlinghouse continues, Ripple also intends to consider an initial public offering (IPO). If its case with the U.S Securities and Exchange Commission is done(SEC).
The San Francisco-based payments startup isn’t the only one considering a buyout: Brett Harrison. The president of the crypto exchange FTX.US. His company intends to look into the market “for prospective merger and acquisition options” to help get more customers and/or regulatory licenses.
-Nairametrics.
