San Francisco-headquartered fintech Ripple has been busy in the last couple of months. The US$10 billion-valued company, most known for its cryptocurrency XRP, is doubling down on Asia.

In March, it snapped up 40% of Malaysia-based remittance and cross-border payments service Tranglo, which has a network spanning over 100 countries. And a week prior to that, it hired seasoned Asia Pacific executive Brooks Entwistle to head its regional office in Singapore. Entwistle is a 22-year Goldman Sachs veteran who previously led Uber’s Southeast Asia business.

For Ripple, the lure of Asia, and particularly Southeast Asia, is clear.

AUTHOR

Jon Russell

Jon Russell is Southeast Asia editor for The Ken based in Bangkok. Originally from the UK, Jon moved to Thailand in 2008. He’s passionate about telling thoughtful business stories, and tracking the impact of the internet in his adopted home of Southeast Asia.

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