Ripple announces $200 million funding round

The network has current customers in more than 45 countries and 6 continents, with payout capabilities in over 70 countries

Ripple

Ripple announces $200 million funding round. Source: shutterstock.com

Ripple, a real-time gross settlement system, announced $200 million in Series C funding.

An investment marks a record year for the business and proves the value of blockchain technology in improving global payments and the broader utility of the digital asset XRP and the XRP Ledger.

We are in a strong financial position to execute against our vision. As others in the blockchain space have slowed their growth or even shut down, we have accelerated our momentum and industry leadership throughout 2019
Brad Garlinghouse, CEO of Ripple

The RippleNet network grew to more than 300 customers around the world, including a partnership with MoneyGram.

Ripple announced the next chapter for its open developer money platform, Xpring. It offers tools, services, and programs making it easier for developers to send and receive payments in any currency, across any network, using the XRP Ledger and Interledger Protocol.

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