As Cointelegraph reported in mid-October, Ripple’s Q3 2019 sales were down over 73% compared to the record sale of $251.51 million in Q2.Įarlier this year, Ripple entered a partnership with the world’s second-largest remittances firm, MoneyGram, with Garlinghouse claiming that MoneyGram using Ripple’s xRapid liquidity product is a bigger deal than Facebook’s stablecoin project Libra. While Ripple claims that 2019 has become its strongest year so far, the company has seen a significant drop in sales in the third quarter of 2019. The company has reportedly seen a 10-fold year-over-year growth in transactions, while the firm’s global payments network RippleNet grew to more than 300 customers worldwide. To date, Ripple is claimed to have customers in over 45 countries and six continents, with payout capabilities in more than 70 countries. Ripple CEO Brad Garlinghouse said that the company has continued to gain momentum and accelerate industry leadership, while “others in the blockchain space have slowed their growth or even shut down.” Ripple 200m series tetragon series According to CoinDesk data, the cryptocurrency is up 3.12 percent on the day at 0.1934. The new investment is claimed to mark a record year for the business as Ripple reportedly saw its “strongest year of growth to date in 2019.” Blockchain-based payments firm Ripple has raised 200 million in a Series-C funding round led by alternative asset investment firm Tetragon. Despite 73% sales drop in Q3, Ripples sees strong yearly growth The new funding will reportedly help Ripple to continue improving its global payments network and the broader utility of the digital asset XRP and the XRP Ledger, the announcement reads. US-based blockchain-driven money transfer platform Ripple has repurchased the shares it sold through its series C round from investors including financial services firm SBI at a 15bn valuation, it revealed on Tuesday. Led by closed-ended investment company Tetragon, the new Series C funding round was also joined by Ripple’s major Japanese partner SBI Holdings and venture capital firm Route 66 Ventures, the firm announced on Dec. As part of the deal, MoneyGram will utilize Ripple’s products for cross-border settlements.Ripple, the major blockchain payments firm behind XRP, the third biggest altcoin by market cap, has raised $200 million in Series C led by Tetragon. Ripple, a blockchain payments company, based in San Francisco, has announced a 200 million Series C share buyback, bringing the company’s valuation to a new high of 15 billion. It also partnered with MoneyGram, taking a near 10-percent stake in the remittance firm. Blockchain-based payments firm Ripple has raised 200 million in a Series-C funding round with Tetragon, SBI Holdings and Route 66 Ventures all investing. Highlighting what it called its “strongest year of growth to date,” Ripple said its RippleNet payments network grew in 2019 to over 300 clients. The new stakeholders will further provide “invaluable industry insight and expertise” as Ripple grows its business, according to the announcement. We are in a strong financial position to execute against our vision. Japan’s SBI Holdings and VC firm Route 66 Ventures also participated, Ripple announced on Friday. The investment will allow the firm to further draw new international talent and “better serve” customers and partners, the firm said. Blockchain-based payments firm Ripple has raised 200 million in a Series-C funding round led by alternative asset investment firm Tetragon. Led by New York-based investment company Tetragon Financial Group, Ripple has pulled in 200 million. As others in the blockchain space have slowed their growth or even shut down, we have accelerated our momentum and industry leadership throughout 2019,” said Ripple CEO Brad Garlinghouse. Ripple’s commitment not just to XRP adoption but also to facilitating seamless cross-border payments will see a massive boost as the San Francisco-based company has just announced a new Series C funding round.
“We are in a strong financial position to execute against our vision. Japan’s SBI Holdings and VC firm Route 66 Ventures also participated, Ripple announced on Friday. Back in December 2019, Ripple raised 200 million in a Series C funding round with Tetragon Financial Group, a United Kingdom-based investment firm, acting as the lead investor alongside other participants SBI Holdings and Route 66 Ventures. Ripple CEO Brad Garlinghouse image via CoinDesk archivesīlockchain-based payments firm Ripple has raised $200 million in a Series-C funding round led by alternative asset investment firm Tetragon.
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