Cody McGrath 
Nium, one of Ripple’s customers, is in talks to buy another company for around $400 million in order to expand further its foothold in Europe, according to CEO and co-founder Prajit Nanu.
Singaporean fintech business Nium uses Ripple’s blockchain technology to offer remittances in the Philippines and Mexico.
Thanks to RippleNet, Nium is said to be the first in the APAC area to offer corridors from North and South America to many Southeast Asian countries. New network connections have also bolstered Nium’s presence in Australia, Singapore, and Malaysia.
Ripple is continuing to expand across the Asia Pacific, with Korea being the next stop. The business wants to join the Korean market in earnest this year, according to Rahul Advani, head of Ripple’s Asia-Pacific policy.
“Ripple is particularly interested in the Korean market,” the CEO said on April 27 at the “The Future of Blockchain and Digital Assets in Korea” conference, presented by Ripple, GBC Korea, and Oxford Metrica.
The ongoing Ripple-SEC case, according to Advani, has no bearing on the adoption of Ripple’s remittance infrastructure, notably On-Demand Liquidity (ODL).
Developments in the SEC – Ripple case
Judge Analisa Torres of the United States District Court for the Southern District of New York recently established a briefing schedule for Ripple and the US Securities and Exchange Commission in a recent judgment.
The parties submitted a joint tentative timetable to the court for approval on April 29. Judge Torres ordered that all motions excluding expert witnesses be fully briefed by the end of August after considering the parties’ correspondence.
Any summary judgment motions must be submitted before September 2022. Ripple and the Securities and Exchange Commission will have a month to file their objections and motions.
Motions for summary judgment must be fully detailed by November 15, a month earlier than the parties’ previous deadline.