Ripple Scores $15 Billion Valuation — CEO Says Financial Position Is Strongest Ever Despite SEC Lawsuit Over XRP – Altcoins Bitcoin News

1/27/2022 4:03:00 AM

''Slow down' is not in our vocabulary,' said #Ripple's CEO, noting that his company just had the 'best year on record' despite SEC's lawsuit over $XRP. #crypto #cryptocurrency

''Slow down' is not in our vocabulary,' said Ripple's CEO, noting that his company just had the 'best year on record' despite SEC's lawsuit over $XRP. crypto cryptocurrency

Ripple has bought back shares from its Series C funding round, which raised the company's valuation to $15 billion, according to CEO Brad Garlinghouse. He added that despite the lawsuit by the U.S. Securities and Exchange Commission (SEC) over the status of XRP cryptocurrency, Ripple had the best year on record.

20 seconds ago Ripple Scores $15 Billion Valuation — CEO Says Financial Position Is Strongest Ever Despite SEC Lawsuit Over XRP Ripple has bought back shares from its Series C funding round, which raised the company’s valuation to $15 billion, according to CEO Brad Garlinghouse.by January 25, 2022, 5:58PM EST · 1 min read advertisement Distributed ledger tech company Ripple has nabbed a $15 billion valuation after a private stock buy-back, the company said Monday.., has taken to Twitter to announce that he now considers PayPal the best company for online payments in USD.

He added that despite the lawsuit by the U.S.At the time of the previous raise, Ripple's valuation stood at $10 billion.Securities and Exchange Commission (SEC) over the status of cryptocurrency, Ripple had the best year on record.Ripple’s $15 Billion Valuation and ‘Best Year on Record’ Ripple CEO Brad Garlinghouse announced via Twitter Wednesday that Ripple has bought back its Series C shares at a $15 billion valuation.The company says that its RippleNet platform has seen transactions double in 2021.The CEO described that “Even with 2021’s headwinds, it was our best year on record,” adding that Ripple’s financial position is the strongest it has ever been, with $1 billion dollars in the bank.He also mentioned that the case between him and PayPal got a lot of public attention, and that is the likely reason for the excellent treatment of him now.

In December 2019, the company raised $200 million in the Series C funding round, led by Tetragon.The move comes amid Ripple's ongoing legal battle with the SEC, which dates back to December 2020.SBI Holdings and Route 66 Ventures also participated.According to reports, the company’s valuation was $10 billion after the Series C funding round.Noting that “slow down” is not in Ripple’s vocabulary for 2022, Garlinghouse proceeded to explain the progress of Ripplenet and Ripplex in follow-up tweets Wednesday.Regarding Ripplenet, he said that the network has a volume run rate of more than $10 billion today.And I don't forgive the earlier treatment.

In addition, Ripplex is “establishing a multitude of capabilities to the ledger – NFTs, CBDCs, interoperability bridges, sidechains, and so much more,” the executive explained.In December, Garlinghouse similarly said that Ripple had their.

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Ripple Is in Its Strongest Financial Position Despite SEC LawsuitRipple has severed ties with Tetragon by buying back its shares at a $15 billion valuation

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