5/6/2023 0 Comments Ripple series tetragon 10bCrypto experts fear that XRP has entered a bearish phase and facing pressures from every quarter. This latest event has also witnessed a higher interest of investors compared to other crypto ventures.ĭespite the increase in valuation and investor interest, the XRP price is stagnant. The current Ripple Series C funding round alone has netted close to ten billion dollars ($10B) at a higher valuation compared to the WeWork’s funding round. Interestingly, Ripple has become more valuable than WeWork. Brad said that strategic acquisitions are meant to increase the world-wide foothold of XRP. The partnership will focus on providing more streamlined global remittances and boost XRP adoption globally. The fintech firm recently invested a huge sum in MoneyGram. Ripple Series C funding round to stabilize XRP prices? This latest Ripple Series C funding round not only strengthens the finances of the company but will grant it immense ‘balance sheet flexibility.’ Also, it will support its upcoming hiring event where the altcoin looks to employ around two hundred new employees in its global offices. Ripple Chief Executive Brad Garlinghouse says that the deal is a great way to end the year on a high note. 2019 has been rather lacklustre in terms of funding rounds. The latest Ripple Series C funding round is touted as the biggest event this year. Ripple has now surpassed WeWork in terms of valuation, as it is now valued at close to ten billion dollars ($10B). ![]() ![]() The massive funding round has come from Route66 Ventures, investment firm Tetragon and Japanese financial giant SBI. Ripple Series C funding round has raised two hundred million dollars ($2M).
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