“Today, the network has customers in more than 45 countries and 6 continents, with payout capabilities in over 70 countries. Ripple also reported that 2019 is considered its strongest year of growth to date, with its global payments network, RippleNet, growing to more than 300 customers worldwide and a strategic partnership with MoneyGram. “As others in the blockchain space have slowed their growth or even shut down, we have accelerated our momentum and industry leadership throughout 2019.” Speaking about the investment round, Ripple CEO, Brad Garlinghouse, stated he believes the company is in a strong financial to execute against its vision. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets.”

“By joining Ripple’s growing, global network (RippleNet), financial institutions can process their customers’ payments anywhere in the world instantly, reliably and cost-effectively. The company has offices in San Francisco, New York, London, India, Singapore and São Paulo as well as has more than 350 employees and more than 200 customers around the world. Founded in 2012, Ripple claims it provides one frictionless experience to send money globally using the power of blockchain. Moreover, he assured XRP uses that the company’s investors remains confident in the company.Ripple, a provider of enterprise blockchain solutions for payments, announced on Friday it secured $200 million through its Series C funding round, which was led by Tetragon with participation from SBI Holdings and Route 66 Ventures.

The Ripple claimed that Tetragon is taking advantage of the company via the SEC lawsuit. Last week, Tetragon Financial Group, a major investor in the company’s Series C investment round, filed a lawsuit against the company. The SEC lawsuit against Ripple isn’t the only problem that the company is facing. Brad Garlinghouse JanuWhat’s awaiting Ripple and CEO market participants are facing conflicting policies and no surprise, some act conservatively. With 8 different govt agencies, each with their own (and sometimes opposing) views of crypto, U.S. He also explained that most trading platforms such as Coinbase are just halting the XRP trading.ĭelisting and halting are 2 separate things – most are halting trading. He also stated that Ripple has no control over cryptocurrency trading platforms listing XRP, which is open-source and decentralized. With regards to the questions about the XRP, Garlinhouse said Ripple “provided some customers, especially first movers, with incentives to use its On-Demand Liquidity product.” Q: Why didn’t Ripple settle with the SEC?Ĭan’t get into specifics, but know we tried – and will continue to try w/ the new administration – to resolve this in a way so the XRP community can continue innovating, consumers are protected and orderly markets are preserved. He said they will not give up the fight, they are looking forward to their day in court, and will be “engaging with the new SEC leadership once appointed.” In a series of tweets addressing questions regarding the SEC lawsuit, Garlinghouse assured Ripple users and investors that the company’s legal team headed by its General Counsel Stuart Alderoty is committed to the case. The pre-trial hearing on the case is set on February 2. They allegedly unlawfully raised $1.3 billion from investors by selling unregistered XRP digital tokens, which the Commission considers as securities. On December 22, the SEC sued Ripple, its CEO Garlinghouse, and Chairman Chris Larsen for allegedly conducting an unregistered initial coin offering (ICO). He addressed five key areas in the case including investors confidence in the company, the delisting/halting of XRP on trading platform, incentives to use XRP, the filing of initial response to the SEC, and efforts to settle the case. Ripple CEO Brad Garlinghouse answered questions regarding the SEC’s lawsuit against the company on Twitter.

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