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Sun. Jul 21st, 2024

Ripple’s president breaks his silence on the company’s recent momentum

Ripple’s president breaks his silence on the company’s recent momentum

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Ripple was recently named among the top 250 fintech companies worldwide, highlighting the company’s continued development.

CNBC and market research firm Statista recently published a list of the world’s top 250 fintech companies, including Ripple. Between March and May 2024, an in-depth analysis of relevant KPIs was conducted for over 2,000 eligible organizations to determine the top 250 firms.

Ripple was nominated in the digital assets category, which includes companies that provide platforms and tools for accessing and using digital assets and blockchain-based applications such as cryptocurrencies and non-fungible tokens (NFTs). This marks the second consecutive year Ripple will be recognized for its significant impact and continued growth in the digital asset sector.

Following this development, Ripple President Monica Long took to X (formerly Twitter) to celebrate the achievement, expressing her excitement and gratitude.

Long tweeted: “Delighted to make this list for the second year in a row – a testament to Ripple’s momentum among the world’s most impressive global financial institutions.”

Ripple is not resting on its laurels

Looking ahead, Ripple aims to build on its current success by expanding the adoption of its solutions and creating new partnerships worldwide.

Earlier this month, Ripple released a new “Try It Out” feature in the Ripple Payments API documentation, which allows developers to test API requests in real-time without logging in or using real funds.

In June, Ripple and Archax, the first digital asset exchange regulated by the UK’s Financial Conduct Authority, announced an expansion of its existing collaboration, which is expected to bring hundreds of millions of dollars of real assets (RWA) tokenized into the XRP Ledger ( XRPL ) in the coming year.

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

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Tomiwabold Olajide

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