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.