With the company’s claim that 2019 remains its strongest year, the company plunged earlier in the year experiencing a serious drop on sale in Q3 2019. How Ripple fired back after 2019 Q3 plunge
On the other hand as part of the deal, MoneyGram will utilize Ripple’s products for cross-border settlements.Īt the climax, the company announced that in Q3 2019, its total XRP sales rose by $66.24 million in addition to its$251.51 million in Q2. The company also partnered with MoneyGram acquiring around 10% stake in the remittance firm. Outside the Series C funding the company achieved in 2019, the company managed to grow its RippleNET payment network to over 300 clients in 2019. Landmark achievements Ripple experienced in 2019 The new stakeholders will further provide invaluable industry insight and expertise as Ripple grows its business to become a global brand. The investment will also allow Ripple improve on its customer service delivery and provide better service to its customers. Improved global payment network likewise broader utility of digital assets and XRP ledger are plans the company intend to execute with the funding it received. SBI holding and venture capital, Ripple’s major Japanese partner also featured in the Series C funding round.Īccording to reports, the new funding will help the company to continue to improve in the service they provide. The firm which is also behind XRP blockchain payment, was led by Tetragon, a company that invests in a broad range of assets, including bank loans, real estate, equities, credit, convertible bonds etc. The firm which is involved in gross settlement system, currency exchange and remittance network raised $200 million in a Series C funding round. Ripple, a blockchain payment firm that powers global payment has announced that it experienced its most growth in 2019.
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