Ripple raises $200M Series C led by global investment firm Tetragon at a $10B valuation
Ripple, a San Francisco-based company that uses cryptocurrency to move money across borders, announced a massive funding round on Thursday that values the company at $10 billion.
Fortune
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Discussion
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@peterktodd
Peter Todd
on x
This. XRP, like almost all ICO coins, doesn't need to exist and gives you no real rights to anything. It's purpose is to make Ripple money, by selling it to suckers. https://twitter.com/...
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@liujackc
@liujackc
on x
Ripple's $200m raise parallels to Circle's $110m raise in 2018. We already know the story to come. https://techcrunch.com/... https://techcrunch.com/...
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@nursexrp
Xrp_nurse
on x
“We are in a strong financial position to execute against our vision,” said Ripple CEO BG 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 2019 https://twitter.com/..…
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@wkahneman
WrathofKahneman
on x
@bgarlinghouse What is the $ for? Brad very bullish in this article, noted that they don't need it but like the flexibility. It will be used in part to open more offices globally & hire 150 new employees. Also said XRP used in %15 of MGI volume in Mexico. (gone up) https://fortun…
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@gordongekko369
Sir Gordon Gekko
on x
Wow we are now a 10B project https://twitter.com/...
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@fatihsk87
FatihSK
on x
Remember. You're not buying $XRP. You're sponsoring them. https://twitter.com/...
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@theonevortex
@theonevortex
on x
How ripple keeps securing investment is beyond me. All they literally do is sell their token, that's where their revenue comes from because they literally do nothing as a company. https://twitter.com/...
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@lawmaster
Larry Cermak
on x
If Ripple ever somehow makes it work as a payments company, it will be the equity holders that benefit and the XRP holders holding a massive bag. XRP is a revenue generating mechanism for Ripple, nothing else. Ripple has so far sold $1.2 billion in XRP - majority of its revenue h…
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@mayazi
Maya Zehavi
on x
When pumping, dumping, social media bot networks & security fraud just ain't enough. https://www.theblockcrypto.com/ ...
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@udiwertheimer
Udi Wertheimer
on x
Ripple is proving to be a lot more capable than the Ethereum Foundation and ConsenSys, two grossly incompetent orgs who can only get funding by dumping on the community. It's hardly a competition. ETH is very well positioned to become the worst performing shitcoin in 2020 https:/…
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@jussyc123
Justine
on x
Ripple valued at $10 billion.. another zero On there next year I reckon https://twitter.com/...
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@alex
@alex
on x
if ur product is so good that it will change finance, needing 200M to market it feels odd reminds me of this old DValentine quote: “I'm looking to invest in companies that can screw everything up and still succeed because the customer pulls the product out of their hands” https:/…
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@arrington
Michael Arrington
on x
Ripple valued at $10 BILLION in new $200 million funding round. https://fortune.com/...
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@kylebrussell
Kyle Russell
on x
If we get big enough it'll stop looking like fraud https://twitter.com/...
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@xrp1procent
xrPeter
on x
In an interview with Fortune, CEO Brad Garlinghouse said Ripple currently has more than 300 customers. He expects Ripple's customer base to grow 30-40% in 2020, and says transaction volume on the company's network will increase more than 600%. https://fortune.com/...
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@tpluszero
@tpluszero
on x
...Forbes article with more details attached. Ambitious growth targets for next year. And Ripple appears to be more committed to XRP than ever. https://fortune.com/...
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@c3_nik
@c3_nik
on x
** Breaking ** Ripple Raises $200 Million to Push Adoption of XRP Cryptocurrency “It's been a tremendous, tremendous year for Ripple,” he says, adding that the company will be disclosing more numbers and major announcements in early 2020. #ripple https://fortune.com/...