Ripple, a leading blockchain company, has announced its plan to re-engage with the US market following a recent court ruling that confirmed XRP, the digital currency associated with Ripple, is not classified as a security in the United States. In a CNBC interview, Ripple’s President, Monica Long, expressed her excitement about the ruling, stating that it provides clarity on how Ripple will operate its business going forward. With this clarity, Ripple can now focus on re-engaging with the US market.
However, Ripple’s focus is not limited to the United States. The company has witnessed significant expansion in global markets, particularly in regions where regulatory guidance is well-defined. Long highlighted notable potential for their business in areas such as the UK, Europe, Singapore, Dubai, and the Middle East, specifically in the domain of payments.
One of Ripple’s key focuses is its expansion in the UK. The company is contemplating additional investments in the country, evident from the fact that their office space in London has more than doubled, showcasing significant growth. Ripple also operates crucial offices in Singapore, Dubai, and Sao Paulo, further cementing its international presence.
Ripple’s remarkable achievements in the fintech industry have earned the company a spot on CNBC’s prestigious list of the top 200 fintech firms globally. Conducted by research firm Statista, the selection process scrutinized over 1,500 companies across nine diverse market segments, considering essential performance metrics like revenue, user base, and total funding raised. Ripple’s inclusion in this list highlights its extensive global presence, groundbreaking technology, and the efficiency of its business approach.
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Monica Long expressed her sense of pride in this acknowledgment through a tweet, where she lauded the team’s achievement in securing a spot on CNBC’s inaugural list of the World’s Top Fintech Companies. Being one of the few crypto companies recognized is a remarkable accomplishment that the team deeply appreciates.
Statista’s methodology employed a sophisticated scoring model that considered both general key performance indicators (KPIs) and segment-specific KPIs, ensuring an equitable evaluation across the varied business models present in the fintech domain. For Ripple, inclusion in the list further reaffirms its substantial influence on the broader fintech landscape.
As Ripple continues to progress and extend its reach, its recognition on CNBC’s list serves as a testament to its global impact and innovative business model. With plans to re-engage with the US market, Ripple aims to capitalize on the momentum generated by the court ruling and further solidify its position in the fintech industry.
It’s worth noting that the views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of Ripple. Readers are advised to do their own research and analysis before making any investment decisions.
