<p>Blockchain payments firm Ripple has acqui-hired Iceland-based cryptocurrency trading firm Algrim to expand operations in Europe.</p> <p>Announcing the news on Monday, Ripple<a href="https://www.ripple.com/insights/ripple-continues-acquisition-streak-expands-european-operations-to-iceland/"> said</a> Algrim will play an “integral” role in the ongoing development of its On-Demand Liquidity (ODL) product which utilizes XRP cryptocurrency for cross-border payments. Terms of the deal were not disclosed.</p> <p>“The decision to join the Ripple team was a natural fit — both companies share a vision to enable widespread adoption of digital assets and blockchain technology, which aligns directly with what we’ve been working towards for the past several years,” said Algrim CEO Dadi Armannsson.<br /> <br /> Ripple said that Iceland will now serve as one of its engineering hubs, with plans to hire more people from a technical background in the region with a new office.</p> <p>Just last week, Ripple also<a href="https://medium.com/xpring/welcoming-logos-3586dd8cb552"> acquired</a> payments solution startup Logos and added 8 engineers to the Xpring team who will explore developing a decentralized finance (DeFi) system built on XRP.</p>