Ripple attracted $ 200 million investment to expand its activities

During the C Series financing round, Ripple raised $ 200 million, which will be used to develop its products, stimulate XRP integration and expand staff.

Tetragon, SBI Holdings and Route 66 Ventures took part in the investment round.

According to Ripple CEO Brad Garlinghouse, the company is now in a good financial position, and for 2019 was able to not only maintain its position, but also increased its market coverage.

Currently, Ripple is valued at $5-10 billion, depending on theAccording to the data of the rating agency.Block research, in 2019 alone, the company sold XRP for $ 260 million.

Brad Garlinghouse said that the RippleNet payment network already has more than 300 customers.They expect the number of participants to grow by 30-40% next year , and the volume of transactions will increase more than sevenfold.

Previously, we also reported that during a seed round of investments, a fintech startup with Russian roots, Zerion, raised $2 million for further development.

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