Nairametrics
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Cryptos

Ripple emerges as fourth biggest fintech company globally, worth $10 billion

Olumide Adesina by Olumide Adesina
November 12, 2020
in Cryptos
ripple cryptocurrency, XRP
Share on FacebookShare on TwitterShare on Linkedin

Ripple, the owner of the fourth most valuable crypto, has unsurprisingly emerged as the fourth largest fintech company around the world and presently valued at $10 billion, in a report credited to CB Insights.

What we know

The data showed only companies with a valuation of at least a billion dollars or better still, companies usually called a unicorn ($1 billion or more) and are backed by Venture capital firms.

  • There are about 66 fintech brands valued at about $248 billion globally.
  • American based startup, Ripple, presently has a valuation of $10 billion valuations, trailing behind Stripe, which recently acquired Nigerian fintech brand PayStack for $200 million, Chinese based Lufax, and India-based Paytm One97, which have a valuation of $36 billion, $39.4 billion, and $16 billion respectively.

READ: Ripple lets go 1,000,000,000 XRP valued at $240 million

What you should know

Its payment platform, RippleNet, comprises a network of institutional payment providers that include banks and payment providers using solutions developed by Ripple to provide a seamless experience to send money worldwide.

RippleNet uses a leverage cutting-edge blockchain technology in streamlining payments services that help in reducing costs.

It should also be added that On-Demand Liquidity (ODL), Ripple’s XRP-powered cross-border payments product is available in the US, Mexico, Europe, the Philippines, and Australia.

READ: 4 Cryptos you might make money from in November

  • Banks using Ripple include Europe’s banking giant, HSBC Holdings Plc, with assets of about $2.5 trillion, which disclosed in 2019 that it would use the XRP payment solution.
  • Japan Post Bank with assets of USD 1.9 trillion, Sumitomo Mitsui Financial Group, and Mizuho Financial Group with trillions of dollars in assets, also have a close relationship with Ripple Asia.
  • Others in a relationship with Ripple include Banco Santander, Barclays PLC, Royal Bank of Canada, and Toronto-Dominion Bank.

READ: Why Ripple might be the future of digital payments

Related

Tags: Banco SantanderBarclays PLCHSBCLufaxPaystackRippleRoyal Bank of CanadaStripe

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Eco Bank
Access Bank
Bankers Committee
First bank


Flowmono

Bfpeer
Mega Millions
FCMB
Ikeja Electrics
Zenith CEX
Kwakol Markets




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • NSIA records Total Income of N147 billion in 2021
    • Telecommunications sector drives 3.11% GDP growth in Q1 2022
    • AfDB to help Nigeria return to e-wallet system in agriculture

    Follow us on social media:

    Recent News

    Nigerian telecoms sector gained $68 billion over the last 16 years

    Telecommunications sector drives 3.11% GDP growth in Q1 2022

    May 24, 2022
    Covid-19: African leaders should focus on vaccine development – AfDB

    AfDB to help Nigeria return to e-wallet system in agriculture

    May 24, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Ranking & Reviews
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • General News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com