Rajarshi Mitra
Independent Analyst
- Ripple now has over 300 clients that leverage its technology for cross-border payments
- Earlier in 2019, Ripple raised $200 million in a Series-C funding round.
The Ripple community is buzzing right now due to the latest developments in its ecosystem. Firstly, Forbes recently ranked Ripple as the second most valuable fintech firm in the US. This was the primary factor behind the coin’s bullish price action, which pushed XRP above the key $0.33-level. Forbes also pointed out that Ripple has now over 300 clients that leverage its technology for cross-border payments. These clients include giants like MoneyGram, Standard Chartered and several other renowned companies. Currently, MoneyGram processes 10% of the transactions between the US and Mexico through Ripple’s On-Demand Liquidity (ODL). Ripple also had a very successful 2019, in terms of VC funding. The company raised $200 million in a Series-C funding round, with a total valuation of $10 billion.
Along with this, XRP was recently added to the BRD crypto wallet. BRD has a customer base of over three million users based in 170 countries and is available on both iOS and Android. XRP also became the first cryptocurrency to be offered on BRD’s new enterprise-grade product, Blockset.
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