Ripple Closes $500M Investment, Confirms $40 Billion Valuation
Ripple has announced a new $500 million strategic investment round. This financing confirms the Ripple valuation at $40 billion. The round was led by funds...
Ripple is a global cross payments system created in 2012 by Ripple Labs. Its main advantage is allowing transfers to any part of the world in just a few seconds and with minimal costs.
The founders of the Ripple project were Jed McCaleb and Ryan Fugger.
Currently there are several banks that use and collaborate with Ripple, such as Banco Santander, Fidor Bank in Munich or Cross River Bank and CBW Bank in the United States, among others.
The latest news about Ripple and its cryptocurrency XRP in The Cryptocurrency Post.
