Huge props to the team for continuously upping their game & leaning into new capabilities every year. 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. “We are in a strong financial position to execute against our vision,” said Garlinghouse in today’s announcement. He added that Ripple will have more announcements and will disclose more numbers in early 2020. Garlinghouse claims that there’s a high level of investor interest in Ripple, and that even though the company did not need the money, the funds provide “balance sheet flexibility,” says the article. It will hasten the onboarding of new global talent to meet market demands and better serve the community, and it also supports Ripple’s vision for the Internet of Value (IoV), says the announcement.ĬEO Brad Garlinghouse said that he expects Ripple’s customer base to grow 30%-40% and transaction volume on the company’s network to increase more than 600% in 2020, Fortune reports. Lastly, PeerNova raised $31M for market expansion and product development. Largest funding rounds point to enterprise applications Focusįollowing Ripple’s mega-round, 3 of the next 4 largest blockchain deals of the quarter went to companies looking to streamline business processes (the exception being Layer1).įigure Technologies raised $103M to continue growing its blockchain-based platform Provenance, through which the company provides home equity loans with approval times as fast as 5 minutes.ĭigital Asset raised $35M to fund developer community initiatives supporting its Digital Asset Modeling Language (DAML) used for faster financial asset settlement and to expand the technology’s applications.
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