Ripple Success: It’s One Of The 50 Most Disruptive Startups On The Planet, Says CNBC
Ripple has been making headlines a lot during the past year, and this year as well, despite the global crisis in the middle of which we are due to the coronavirus pandemic and its terrible effects on the economy.
The San Francisco-based firm has been working really hard to boost the whole XRP ecosystem, but also to push the mass adoption of the digital asset XRP.
Via the XRP-powered On-Demand Liquidity product, which was formerly known as xRapid, Ripple is working hard to overcome the flaws of the traditional payments system SWIFT.
This has been used by banks and financial institutions for a really long time now, for decades, but it became flawed along the way, and there’s a massive need for innovation in the space.
Ripple marks another success
Ripple is now one of the most disruptive startups on the planet, says a new review from CNBC.
It’s been recently revealed that Ripple holds the 28th spot on CNBC’s new Disruptor 50 list.
CNBC said that the firms that are included on its list have collectively raised more than $74 billion and they keep growing despite the global economic pullback.
Successful companies amidst the coronavirus pandemic
“[These companies] are poised to emerge from the coronavirus pandemic with tech platforms that have the power to dominate,” according to official notes.
CNBC also said that “The start-ups making the 2020 Disruptor list are at the epicenter of a world-changing in previously unimaginable ways, turning ideas in cybersecurity, education, health IT, logistics/delivery, fintech, and agriculture into a new wave of billion-dollar businesses.”
The online publication the Daily Hodl revealed that CNBC reviewed more than 1,000 startups. After that, they narrowed the list to fewer than 200, and then analyzed the ones that continue to thrive amidst the coronavirus pandemic to determine its final 50.
We recommend that you check out their original article to find out more details and the other firms as well.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.