XRP with $200 Million in Funding Rounds Determined to Achieve Accelerated Growth Despite CompetitionDecember 22, 2019
Ripple (XRP) raised $200 to improve global payments in the Series C funding round. SBI Holdings and Route 66 Ventures are also participants. Especially, Tetragon is leading the financing round. Thus, setting the value of the company at $10 billion.
30% TO 40% ACCELERATED MOMENTUM
Ripple CEO Brad Garlinghouse stated, “We are in a strong financial position to execute against our vision. As others in the blockchain space have slowed their growth or even shut down, we have accelerated our momentum and industry leadership throughout 2019.”
Brad Garlinghouse, Chief Executive of Ripple, expects the company to grow by 30% to 40% in the forthcoming years.
CHEAPER AND FASTER
Clearly, XRP is the native token of Ripple. Therefore, Ripple believes that XRP will be doing great in facilitating cross-border transactions. Obviously, the token has the potential to be cheaper and faster when compared to traditional foreign exchange solutions.
Ripple is convincing financial institutions to switch to RippleNet to backend currency for international payments. Ripple currently has 300 customers. Ripple took a 10% stake in MoneyGram to help them change to RippleNet.
NEW YEAR NEW TRENDS
Importantly, a Tweet from Ripple on New Year and New Trends talks about Ripple executives sharing their thoughts. Furthermore, they reflect on how new technology and applications for digital assets are creating tangible changes in the cryptocurrency and other industrial sectors.
Particularly, the leaders reflected on how media and speculators drove the price wild, leading to best rises and worse falls. Speculation went down in 2019, and several customized use cases emerged. The use cases improved stability and increased the value of digital assets.
SKEPTICS AND CRITICS TUMBLING DOWN
Besides, skeptics and critics are waiting to see a wrong move; however, the leaders backing XRP are influential and strategic to piecing them together to reimagine familiar strategies and better concepts. Especially, leaders at Ripple strongly believe that 2020 will bring in new technologies and applications in the world of digital assets providing for a tangible change in the industries.
Leaders at Ripple expect significant themes to improve the mainstream adoption of XRP, to help cross-border payments, and financial products to serve several companies. Particularly, customized products like MoneyGram and goLance.
Ripple anticipates that more companies will join them in 2020, thereby improving on the adoption curve. The company also expects several other cryptocurrency companies to gain traction with their customized solutions. Competition is brewing, and the company is determined to compete and win.