Ripple Raises $200M for XRP Adoption
Main page News, Fintech, Ripple, Crypto Market, XRP

An American blockchain startup Ripple (XRP) has raised $200 million through Series C funding round, Fortune reports.

Thus, the company's value reaches the $10 billion mark.

TransferGo to Use Ripple's XRP-based Solution

According to Fortune, Tetragon, SBI and Route 66 Ventures took part in the investment round. Ripple reportedly wants to use the raised funds to attract financial institutes and companies to use XRP in international transactions.

Ripple CEO Brad Garlinghouse noted the high level of investor interest, stressing that the company did not need financing, but it would allow it to be more flexible in its decisions.

Garlinghouse predicts that Ripple's customer base will grow by 30–40% in 2020, and the volume of transactions in the company's network will increase by 600%. As for now, according to Ripple CEO, the company has more than 300 customers.

Earlier iHodl reported that Bitcoin exchange Bitstamp based in Luxembourg added support for the fiat deposits via Ripple-powered technology.

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