12/11/2022 0 Comments Ripple 200m tetragon![]() ![]() They have a massive base of customers from 45 countries. To date, Ripple has active operations on six continents. #Ripple 200m tetragon seriesGarlinghouse emphasized that the project is much bigger than Libra, Facebook’s controversial stablecoin project. Decem 10:00 am By Samantha Hurst Ripple, a provider of enterprise blockchain solutions for payments, announced on Friday it secured 200 million through its Series C funding round. It’s worth noting that earlier this year, Ripple made a significant headline due to its partnership with MoneyGram, the second-biggest remittances company in the world. Notably, Ripple has witnessed a 10-fold increase in transactions annually. He noted that other firms in the Blockchain industry have already given up while Ripple continues to pursue growth. Interestingly, Ripple’s latest financial report revealed that the company only grossed $66.24 million in XRP sales in the third quarter of this year, compared to the $251.51 million total sales in the second quarter.ĭespite this news, Garlinghouse emphasized that the company has finally grasped a strong momentum. Furthermore, the company intends to expand the usefulness of XRP and XRP Ledger.īrad Garlinghouse, the CEO of Ripple, claims that the company is experiencing its most active year to date. Japanese company SBI Holdings, Ripple’s principal partner, and venture capital company Route 66 Ventures, are reportedly two of the most prominent investors.Īs briefly explained in the announcement, Ripple would use the funds on enhancing its global payments network. Tetragon Financial Group Limited, a close-ended investment firm based in Amsterdam, has led the Series-C funding round. According to the official announcement, the company behind the third-largest altcoin in terms of market capitalization, XRP, managed to raise $200 million from a pool of investors. The partnership seeks to include Ripple in order to leverage their technology when it comes to foreign exchange settlement and cross-border payments.Ripple, a US-based Blockchain payments service provider, announced on December 20 the massive success of its latest funding round. ![]() The latter is a money transfer company and it’s one of the biggest players in the industry. Just a few months ago, Ripple invested $50 million and started a strategic partnership with MoneyGram. ![]() Indeed, the year seems quite productive for the company. As others in the blockchain space have slowed their growth or even shut down, we have accelerated our momentum and industry leadership throughout 2019. We are in a strong financial position to execute against our vision. Speaking on the matter was the CEO of Ripple, Brad Garlinghouse, who said: Moreover, the company will also use it to further broaden the utility of its cryptocurrency, XRP. Per the report, the money is going to go towards improving Ripple’s blockchain technology, the XRP Ledger. The round was led by some notable investment companies, including Tetragon, Route 66 Ventures, and SBI Holdings. Ripple announces 200M share buyback and expresses optimism for 2022. Unconfirmed: Why Miami Mayor Francis Suarez Calls Crypto the Wave of the. Ripple Seals $200M Investment DealĪccording to an official announcement, Ripple has managed to complete a $200 million Series C funding investment. Blockchain payments firm Ripple has announced a 200-million Series C share buyback, a decision that will take the San Francisco-based tech firm to a record-high valuation of 15 billion.Back in December 2019, Ripple raised 200 million in a Series C. Hester Peirces Former Counsel on Terra 2.0, XRP and a Bitcoin Spot ETF - Ep. CEO expresses optimism for 2022 Ripple’s willingness to purchase shares from Tetragon, SBI Holdings, and Route 66 Ventures suggests that the company is trying to boost its financial. The money will go towards improving the XRP Ledger and to push the utility of XRP, in general. However, the court found in favor of Ripple and against the plaintiff, Tetragon, barely three months later in April, putting an end to the financial conflict. 4 of greenhouse gas reducing inequality (Ripple et al, 2019). Ripple, the company behind one of the world’s largest cryptocurrencies by means of total market capitalization, has received $200 million as a Series C funding. Ripple Price Analysis: Bulls Attempt Recovery Above 0.6 Stellar Lumen (XLM) Price Faces Uphill Task Near 0.18 Ethereum Price Analysis: ETH Faces Uphill Task. Global external migration of an Food Crises, 2020). ![]()
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