Forbes Recognizes Ripple As The Second Most Valuable FinTech Startup

Forbes magazine recently incorporated a rundown on February 12, 2020, positioning the 10 most important FinTech companies in the US. The distribution noticed that 2019 was particularly an extraordinary year for FinTech startups in the US with the overall investment financing hitting $18 billion. This was a critical increment from the $13 billion found in the earlier year.

Prominently, Ripple was one of the FinTech startups that delighted in gigantic accomplishment as far as VC funding. Towards the finish of 2019, Ripple raised $200 million up in a Series-C funding round, raising its total valuation to $10 billion. Subsequently, Ripple is presently positioned as the 2nd most valuable FinTech company in the US. It is worth noting that Ripple held the 4th spot a year ago with a $5 billion valuation. This year, Ripple has built out Coinbase and Robinhood to claim the subsequent spot.

Forbes likewise noted that Ripple has now amassed more than 300 customers that utilie its technology for cross-border payments, among them Standard Chartered, Santander and MoneyGram. Starting at now, MoneyGram forms 10% of the transactions between the US and Mexico by means of the On-Demand Liquidity (ODL) item that is fueled by XRP.

A Few Developments in Ripple Network

This comes close by reports of a tie-up among Ripple and BRD cryptocurrency wallet. Following this partnership, Ripple has been added to BRD wallets and will be open on iOS as well as Android.

This is incredible news for the Ripple community in light of the fact that BRD brags a customer base of more than 3 million users based in 170 nations. In addition, Ripple will be the principal digital currency to be offered on BRD’s new venture grade product, Blockset, which will help BRD better serve the necessities of its users.

What’s more? Ripple recently inked another partnership with the National Bank of Egyp that will utilize Ripple’s RippleNet for payments which will take place internationally.

At press time, Ripple is changing hands at $0.335283. Not only this, it is the best-performing asset in the main 30 with 12.67% gains over the most recent 24-hours term.

Kapil Gauhar

Kapil Gauhar is the founder of Blogger’s Gyan. He is a Passionate Blogger, a Big Thinker and a Creative Writer. His passion for doing friendship with words and letting people know about the wonders of the Digital World is what motivates him to take writing as a career.