Feb 5, 2020 20:30 UTC
Feb 5, 2020 at 20:30 UTC
Ripple makes quite a few out in the Startup Arena!
The blockchain technology has been the recent talk of the town with more companies mostly start-ups starting their venture in the field. The Blockchain technology once perceived to be a hideous financial concept turned out to be the best of the best in terms of investment as well as a very reduced return of investment period.
These are some of the favorable factors that are looked upon by many companies over the years and as time went by an increasing number of start-ups started to make their entry into the field.
With the growing attraction over the period of time, the performance in real-time practical fields were not the same as they sounded. The demand increasingly expected to be at the positive margins gave a number 30% less than the proposed trajectory. Most of the companies including the big sharks as well got into the havoc in order to retain business. But fortunately, one company kept its head high after all those heavy damages.
Ripple had a very good run in the start-up section with a series number of cascading profits, pushing the boundaries of the companies that were competing with them in the space.
The company grabbed the first ranking in the start-up section and slowly with a growing pace, they had a wonderful time to look ahead further developments.
The trend is that many of the big player companies are relying their investments on incubated start-ups that are focussing on developing technologies in the blockchain space. With a lot of companies hitting up on the radar, it is definitely a good price value increase for most of the cryptocurrencies and one of the most major companies that made a million bucks straight is definitely ripple.
Ripple’s future plans:
The company recently winded up with a series C funding raising forward more than $200 million USD in terms of capital. With such a payout for the company this year, the giant is planning to improve operations by increasing the transaction rates to nearly 600% from where it is now and also is planning of revamping the digital payment gateways that are exclusively being lead to the core development of Ripple’s technology.
The company is definitely ranking up and with further plans of expansion the company is soon expected to make a solid landing with heavy investments and projects that can payout fortunes for the growth of the company.