Manoj A.
The Blockchain technology company Ripple that created the cryptocurrency XRP is all set to open an office in Chelsea. The company that is based in San Francisco has signed a lease property for setting up an office in the Kaufman Organization and Goldman Sachs Asset Management at 155 West 23rd Street. It is a 6,933-square-foot area.
The value of XRP cryptocurrency was at its peak in the month of January and was valued at $300 billion however, it faced some crash in the last few weeks leading to a huge cost of $44 billion to its co-founder Chris Larsen by that of Wednesday.
The XRP saw ups and downs and by Friday it was $1.547 on Friday. The investors of the firm includes Seagate, CME Ventures, Google Venture, Standard Chartered, Andreessen Horowitz and Accenture. The rent of the place is at $60 per square foot and Cushman & Wakefield’s Sebastian Infante brokered the lease.
Mohith Agadi
Editor
