![]() ![]() 3/4Īlong with the news of the buyback and valuation, Garlinghouse expressed optimism for the future of RippleNet and Ripple X, the latter of which is expected to expand the functionality of the XRP Ledger in a number of new sectors, including NFTs, CBDCs, and interoperable, multichain functionalities, among others. This burst of funding will be used to add additional staff to its team and better serve its customer community. Other participants included SBI Holdings and Route 66 Ventures. Huge props to the team for continuously upping their game & leaning into new capabilities every year. Money transfer company Ripple has scored 200M in its Series C round which was led by Tetragon. Today, the network has a volume run rate >$10B. RippleNet is much more than cross-border payments – it’s bringing crypto-native services such as liquidity to enterprises. “Even with 2021’s headwinds, it was our best year on record,” he stated, revealing that the company’s $1-billion bank balance makes it the “strongest we’ve ever been.” Ripple’s willingness to purchase shares from Tetragon, SBI Holdings, and Route 66 Ventures suggests that the company is trying to boost its financial position, a stance that Garlinghouse hinted at in a recent tweet thread. However, the court found in favor of Ripple and against the plaintiff, Tetragon, barely three months later in April, putting an end to the financial conflict. Tetragon sued Ripple in Delaware Chancery Court in early January 2021, seeking to enforce its contractual requirement of a buyback clause to the value of its undisclosed investment sum in order to distance themselves from Ripple between their high-profile and publicly open case. As TheCoinRise reported, the CEO in November said that Ripple is making good progress in the case. The US Securities and Exchange Commission (SEC) filed a $1.3 billion financial lawsuit against XRP or Ripple Labs, co-founder Chris Larsen, and CEO Brad Garlinghouse in December 2020, alleging the defendants of misusing the native XRP coin as unregulated digital asset security. The company raised $200 million in a Series C funding round in December 2019, with Tetragon Financial Group, a UK-based investment firm, leading the way alongside SBI Holdings and Route 66 Ventures. Ripple, a blockchain payments company, based in San Francisco, has announced a $200 million Series C share buyback, bringing the company’s valuation to a new high of $15 billion. At the end of 2019, Ripple raised 200 million in Series C funding led by Tetragon and joined by SBI Holdings and Route 66. Now Ripple is buying it all back-at a premium. According to CoinDesk data, the cryptocurrency is up 3.12 percent on the day at $0.1934.Ripple has announced a $200 million Series C share buyback, bringing the company's valuation to a new high of $15 billion. The crypto payments company has purchased all the preferred stock it sold in its Series C round, Ripple CEO Brad Garlinghouse told me in an interview yesterday afternoon. XRP has seen a slight price bump as news of the investment spreads. Related: Ripple Files Last Bid to Dismiss XRP Securities Lawsuit Before Court Meeting ![]() Earlier this month, Ripple moved to have the case dismissed, saying, along with other arguments, even if XRP were a security, the investor plaintiffs brought their case far too late for it to proceed. Ripple will be in court next month, defending its motion to dismiss a lawsuit claiming its sales of XRP were an unregistered security issuance. Long distance rifle shooting tips, Sasgis zmp, Images of war series, Wielton ballenwagen gebraucht Football league tables europe. In its last financial report, Ripple said its total XRP sales for the third quarter of 2019 were worth $66.24 million, up from $251.51 million in the previous quarter. As part of the deal, MoneyGram will utilize Ripple’s products for cross-border settlements. It also partnered with MoneyGram, taking a near 10 percent stake in the remittance firm. Highlighting what it called its “strongest year of growth to date,” Ripple said its RippleNet payments network grew in 2019 to over 300 clients. ![]() The new stakeholders will further provide “invaluable industry insight and expertise” as Ripple grows its business, according to the announcement. The investment will allow the firm to further draw new international talent and “better serve” customers and partners, the firm said. Related: Ripple’s Revamped Xpring Platform Looks to Boost XRP Development As others in the blockchain space have slowed their growth or even shut down, we have accelerated our momentum and industry leadership throughout 2019,” said Ripple CEO Brad Garlinghouse. “We are in a strong financial position to execute against our vision.
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