Ripple Is Now The Second Largest Fintech Company Is The US
Ripple highlighted not too long ago that its primary goal for this year is the mass adoption of XRP.
The company has been making increased efforts to boost the whole XRP ecosystem back in 2019 as well.
Ripple has also been working hard to replace the flawed payments system, the traditional SWIFT.
Banks and financial institutions have been using this traditional payments system for decades now, but meanwhile, it became flawed.
Ripple is trying to offer clients via its products cheap, fast, and secure cross border payments.
Ripple is the second-largest fintech in the US
The blockchain-focused remittance company has earned the number two spot on a new list of the most valuable companies in fntech.
The San Francisco remittance company was valued at $10 billion after it was able to raise $200 million in a Series C funding round in December.
The 10 biggest fintech firms in America 2020 according to Forbes places Ripple in the second place just behind Stripe 0.
The latter is the payment processing giant Strip – valued at $35 billion and ahead of the crypto exchange Coinbase which is valued at $8.1 million.
Ripple’s valuation is partly fueled by its ownership of more than half of the total supply of XRP, as reported by the online publication the Daily Hodl.
We recommend that you check out Forbes’ original article in order to see the top ten fintech companies.
Ripple reveals potential changes for the XRP Ledger
In other news, there are a few changes that the XRPL protocol may be hit with soon. These include one that would allow users to delete their accounts.
Ripple CTO David Schwartz wrote a post that discussed XRPL’s amendment process.
In order to learn all the details on the matter, you should check out the list of the potential changes.
Ripple is expecting to have a really successful 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.