Ripple officially joins 250 top fintech companies
San Francisco-based blockchain enterprise company Ripple was recently named one of the top financial technology companies of the year by CNBC and German statistics portal Statista. Ripple joins the likes of Coinbase, OpenSea, Chainalysis and Ledger on the list of leading digital asset companies, an achievement that symbolizes Ripple’s important position in the fintech industry.
Image source: CNBC’s annual top financial technology companies in the “digital asset” category
Ripple said the company is honored to receive this honor and would like to thank all employees, customers and supporters for their support. This selection covers a total of 250 financial technology companies, divided into eight categories, including "payment", "digital assets", "financial planning", "new banking", "business process solutions", "wealth technology", "Alternative Finance" and "Banking Solutions". Among them, the “payment” category accounts for 24% of the market share, becoming the most important category.
In this selection, the United States leads the list with 161 fintech companies, followed by the United Kingdom. Singapore, Germany and Canada also occupy important positions in the fintech industry. The companies were selected based on general and specific key performance indicators (KPIs), demonstrating Ripple’s influence in the global fintech market.
Source: CNBC Financial Technology Country Distribution
Strive to build "the future infrastructure of the global economy"
Ripple highlighted the impact of cryptocurrency and blockchain technology in changing the workings of the global financial system in a recent advertisement. These emerging technologies provide secure, decentralized and transparent solutions for traditional financial systems and provide a new architecture for financial transactions. Ripple believes that it is a key player in developing the future infrastructure of the global economy and works with partners to jointly promote this goal.
Ripple’s payment solutions are powered by the XRP Ledger (XRPL), enabling instant and low-cost cross-border settlements. Utilizing XRP as a bridge currency effectively eliminates inefficiencies in traditional payment solutions, including conversion between two fiat currencies. This efficient payments solution has been adopted by several top financial institutions, including SBI and Tranglo, which leverage Ripple’s solutions for cross-border payments.
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Grayscale considers $XRP one of the most valuable crypto assets
In its weekly crypto asset highlights report, Grayscale Investments highlighted the market performance of $XRP, ranking it alongside Bitcoin and Ethereum as one of the most influential crypto assets in the market. While most top cryptocurrencies have declined in value over the past week, $XRP still holds a significant position in the market with its $25 billion market capitalization. This move by Grayscale reflects its high regard for $XRP and heralds the potential of $XRP in the future market.
Cryptocurrencies including $XRP, Ethereum and Binance Coin (BNB) have all lost 6% in value over the past week, according to Grayscale’s weekly report. In comparison, $SOL and $TRX are up 0.5% and 2.3% respectively. These losses have taken a toll on year-to-date gains, but XRP is still retaining its significant presence in the market. This fluctuation in market performance makes the value of XRP one of the important indicators for market observation.
Image source: Grayscale Grayscale Weekly Asset Report
Foreign analysts: $XRP is about to soar 1,000 times!
In addition, according to a foreign analyst mickle on X, the historical pattern of $XRP shows the potential for a significant increase in its price. The analyst recalled how $XRP traded between 2014 and 2017, when the price of $XRP mostly fluctuated below $0.01 and trading volumes were sluggish. However, in 2017, the price of $XRP took a dramatic turn, skyrocketing from $0.0056 in February to $0.3 in June before reaching an all-time high of $3.84 on January 4, 2018.
This growth represents a staggering increase of more than 75,000%. Analysts believe that $XRP has the potential to experience a similar surge in the future, or even a 1,000-fold surge from its current price of $0.4452 to $445, which would give XRP a market capitalization of a staggering $44 trillion.
Source: X Foreign analyst mickle believes that $XRP has the potential to grow a thousand times in the future
In summary, Ripple was selected as one of the top financial technology companies and received high attention from Grayscale Investments, demonstrating its important position in the global financial technology market. As the potential of $XRP is recognized by more and more market participants, the cryptocurrency is expected to play an even more important role in the global economy in the future.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.