Sequel to Ripple’s success in the recent series C funding led by Tetragon, the crypto company has been named the 2nd most valuable company in the cryptocurrency industry.
Ranked the 2nd most valuable crypto company, it falls behind Bitman, bitcoin mining giants in the crypto industry and is valued at $10 billion.
The company achieved this feat thanks to its achievement in the series C funding and the fact that it ranked in $200 million of new ventures investment.
The firm is involved in gross settlement system, currency exchange and remittance network.
Brad Garlinghouse, Ripple CEO, in his reaction to this feat said that they are in a strong financial position to execute against our vision.
He further attributed Ripple’s achievement to their persistence and commitment saying that others in the blockchain space have slowed their growth or even shut down but Ripple have accelerated their momentum and industry leadership throughout 2019. Read More...