Ripple President Breaks Silence on Company’s Recent Momentum

by

As an experienced financial analyst, I’m thrilled to see Ripple recognized once again as one of the top 250 fintech companies globally. This achievement is a testament to the company’s relentless innovation and growth in the digital asset sector. Having closely followed Ripple’s progress, I’m not surprised by this recognition.

As a fintech industry analyst, I’m thrilled to share that Ripple has made it into the list of the world’s top 250 fintech companies. This recognition underscores the significant strides Ripple has been making in its growth and development within our dynamic industry.

As a researcher, I had the opportunity to collaborate with CNBC and Statista on an extensive analysis of key performance indicators (KPIs) for approximately 2,000 fintech companies from March to May 2024. During this period, we meticulously evaluated each organization to identify the top 250 firms in the global fintech sector. Ripple was among those that made it to the list.

Ripple has been named a nominee in the “digital assets” category at this year’s recognition program. This category encompasses businesses offering access to and utilization of digital assets, including cryptocurrencies and non-fungible tokens (NFTs), as well as blockchain applications. For the second year running, Ripple has been selected for its substantial influence and ongoing expansion in the digital asset industry.

After this recent milestone, Monica Long, Ripple’s president, expressed her joy and appreciation on X (previously known as Twitter).

I’m thrilled to compile this list once again, a clear indication of Ripple’s ongoing progress among an esteemed group of globally influential financial institutions. Many thanks to CNBC and StatistaCharts for acknowledging our achievements.

— Monica Long (@MonicaLongSF) July 10, 2024

I’m thrilled once again to be included in this esteemed group – a clear indication of Ripple’s continuing strength among the world’s leading financial institutions.

Ripple not resting on its laurels

Moving forward, Ripple intends to expand the use of its offerings and establish new collaborations on a global scale.

This month, Ripple introduced a new “Give It a Try” function in their Ripple Payments API documentation. With this feature, developers can experiment with API calls in a live environment without the need to log in or utilize actual funds.

In June, Ripple and Archax, the U.K.’s first digitally asset exchange regulated by the Financial Conduct Authority, revealed plans to expand their partnership. This collaboration is projected to introduce hundreds of millions of dollars worth of tokenized real-world assets (RWAs) into the XRP Ledger (XRPL) within the next year.

Ripple’s stablecoin, RLUSD’s, launch is also anticipated this year.

Read More

2024-07-11 15:13