Ripple raises $200M Series C led by global investment firm Tetragon at a $10B valuation (Fortune)
Investors have already started pouring in. And Ripple just announced a massive $200M Series C round led by global investment firm Tetragon at a $10B valuation. That’s a big deal. This news has put a dent in Ripple’s market cap and sent ripples of excitement through the cryptocurrency industry. Ripple’s CEO Brad Garlinghouse said in the announcement, “This funding marks a quantum shift in the capital markets’ perception of XRP and shows that the market has accepted that XRP is a legitimate asset class and a critical building block of the internet of value.”
What is Ripple?
Ripple is a decentralized digital asset that enables banks and financial institutions to instantly send and receive money without a central authority or trusted third party. Ripple’s blockchain platform connects banks, payment providers, digital asset exchanges, corporates, and consumers through blockchain technology. It allows anyone to instantly transfer money using their smartphones with the touch of a button. It eliminates counterparty risk, reduces settlement times, and increases transparency. Ripple is a payments network created to make digital currency transactions faster and more efficient. In addition to being able to transfer money to anyone using a smartphone, Ripple has created a protocol to make cross-border payments using digital currency.
How Ripple raises $200M Series C?
Ripple raises $200M Series C led by global investment firm Tetragon at a $10B valuation. Ripple has been using blockchain technology to make cross-border payments faster, cheaper, and more efficient. The San Francisco-based company, which offers an API to let developers build apps using its open-source code, has raised a Series C round led by the venture capital arm of Japan’s SoftBank Group Corp. At the same time, the company said that it will acquire London-based startup Stronghold Bank to add a European platform to its business. The San Francisco-based payments company raised $200 million in Series C funding from a group of investors led by DST Global, a U.S.-based private equity firm focused on fintech investments. Prior investors included General Catalyst Partners, RRE Ventures, Spark Capital, and Lightspeed Venture Partners.
How Ripple raises $200M Series C led by global investment firm Tetragon at a $10B valuation?
Ripple has raised $200 million in its latest round of funding, a new high for the cryptocurrency, according to PitchBook. The company plans to use the money to continue developing the XRP Ledger and the XRP Ledger protocol. The new funding round also means that Ripple now has a $10 billion valuation. The company’s Series C round, led by Japan-based investment firm Tetragon, has seen participation from existing investors along with two new partners, namely SBI Investment and Ripple’s former CEO Brad Garlinghouse. Ripple raises $200M Series C led by global investment firm Tetragon at a $10B valuation.
Conclusion
In conclusion, Ripple is the only network for banks to send payments globally and offers instant settlements with very low transaction costs and speeds. They are a perfect fit for remittance payments, and they offer faster transactions than other networks. Their goal is to facilitate cross-border payments, which will drive down the cost of cross-border money transfers to international buyers. For investors, this means that the demand for the token is huge. There will be a large number of investors who want to invest in the project to benefit from the increase in liquidity. The Ripple coin is currently trading at $0.25 with a market cap of $6.8 billion, up 1,200% from the beginning of 2018.
FAQs
1. What does this mean for Ripple?
This means that Ripple has raised $200 million in new funding at a $10 billion valuation. This is the largest Series C round ever for any blockchain company.
2.How much money does Ripple have?
We have raised over $200M to date.
3. How much money does Ripple make?
Our revenue is growing every quarter.
4. Where do you see Ripple in five years?
In five years, we will be the leading company in the blockchain space.
