Coinbase Sets Up Shop in Dublin
San Francisco’s favorite cryptocurrency exchange, Coinbase, has decided to sprinkle some of its digital fairy dust over Dublin, Ireland! According to an announcement made on October 15, the new office is not only about extending operations but is part of a strategic plan that becomes vital if the U.K. decides to swim away from the E.U. tank.
What’s Cooking in the New Office?
The Dublin team isn’t just going to be sitting around sipping Irish coffee. They will be tackling a slew of new business functions while London maintains its status as Coinbase’s main European hub. This expansion is a win-win for both Coinbase and Dublin state officials, with Irish Minister for Financial Services Michael D’Arcy expressing his excitement, noting the attractiveness of Ireland for financial services. Who knew crypto could bring a sprinkle of joy into politics?
A Brexit Plan B
Coinbase’s U.K. CEO, Zeeshan Feroz, revealed that the Irish headquarters is more than just an office; it’s a lifeboat for the inevitable “Brexit Titanic.” Feroz said, “It’s important that we continue servicing our customers across Europe, and Ireland would be our lifeline.” Sounds like they’re trying to master the art of using Plan B as efficiently as possible.
The Blockchain Safety Net
With Brexit looming, U.K. and E.U. officials are scratching their heads to keep the Northern Ireland and Republic of Ireland border open without a hitch. British finance minister Philip Hammond suggested that blockchain could be a technological superhero, ensuring smooth trade between the two regions. As long as everyone remembers the login details, of course!
Irelands’ Tech Industry Goes Blockchain Crazy
Ireland is not just known for its green hills and leprechauns; it’s making a name for itself as a tech powerhouse in Europe! With low corporate taxes and a welcoming attitude for businesses, it’s no surprise that there’s a growing blockchain buzz in the region. Recent initiatives by IDA Ireland have spotlighted their commitment to attracting blockchain investment, proving that Ireland is more than just a pretty face.
The Academic Endorsement
What’s an exciting new industry without some academic backing? The National University of Ireland Galway threw its two cents in by urging the government to promote blockchain, suggesting it could revolutionize both business and government operations. Talk about a brainy endorsement! Ireland has even signed on to the European Blockchain Partnership, showing that the country isn’t just hopping on the blockchain train; it’s driving the darn thing!
