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Ripple -- Valued at Over $10 Billion US Dollars?

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  • Tip Bones

Blockchain start-up Ripple says it raised millions, lifting its valuation to a huge value of over $10 billion USA Dollars. That is huge. Did you invest in Ripple? If not start investing in Cryptocurrency immediately or ASAP. DO NOT TRADE SOME OR MUST OF WHAT YOU INVESTED. In other words, continue to trade, but make sure you keep a good portion of your portfolio in what I call, "The Safe Zone." Then be patient, and watch the money roll in.

 

The fundraising was led by New York investment company Tetragon, Ripple said, while Japan's SBI Holdings and Virginia-based venture capital firm Route Ventures also invested.


Released in 2012, Ripple rose to fame, as the value of XRP, a cryptocurrency used by the firm, skyrocketed in value alongside a multitude of other virtual coins.


The company uses XRP to facilitate cross-border transactions for its network of financial institutions, while it also employs an interbank messaging system — think of it as a blockchain-based alternative to Swift — that s used by banks to send money around the world.


We are in a strong financial position to execute against our vision, said Ripple CEO Brad Garlinghouse in a statement. As others in the blockchain space have slowed their growth or even shut down, we have accelerated our momentum, and industry leadership throughout.


While XRP rose in excess of millions back in January, the world s third-largest digital currency has since pulled back significantly and currently sits adequately. To date, as we speak, the Current Price of Ripple: 

 

The market cap of Ripple Now is $20,026,818,528 USD with a 24-hour volume of $603,425,348 USD. There is a total supply of 99,991,792,688 XRP, of which 40,205,508,733 XRP are circulating.


Ripple sources a significant portion of its income from selling its holdings in XRP. According to industry outlet The Block, Ripple has sold millions worth of the cryptocurrency over the last year. The other big chunk of its revenue comes from deals with banks and financial institutions that use its blockchain technology for money transfers.


Ripple says it now has financial services customers globally. The firm has signed partnership deals with giants in the industry, ranging from Santander to American Express.


Digital currencies hit the headlines this year after a brutal sell-off with big companies like J.P. Morgan, making moves in the space. 


In particular, RIP has caught the attention of both investors and regulators, after it released proposals for its ambitious cryptocurrency project Libra.

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