As reported earlier Ripple has invested 30 million dollars in money transfer company Moneygram, now Ripple CEO, Brad Garlinghouse, in an interview to Yahoo Finance has indicated towards multiple potential investments. He said that they have a strong balance and want to use it to their advantage. Without mentioning any specifics about deals, he said that they are looking to invest in any business that would give them more capabilities and would serve their customers better.
Ripple was founded in 2012 in Silicon Valley. It is now among the world’s leading cryptocurrency companies. XRP is used by many financial companies to make international payments. XRP is decentralized and traded on different exchanges, but the company still owns around 55% of the total supply, worth around $13.7 billion.
Brad Garlinghouse mentioned they are probably the biggest investor in the crypto space and have publicly announced more than $500 million worth of investments in the last 18 months.