Ripple has become the fourth largest FinTech company in the world as its valuation reaches $10bn.
In Brief:
-
The news is confirmed in a report by CB Insights.
-
It looked at venture-backed companies valued at more than $1bn - I.e. unicorns.
-
Ripple comes in behind Stripe, Lufax and Paytm.
What does this mean?
Where Ripple stands on the list will be unsurprising for many but it is interesting to see the current valuation. Ripple allows for streamlined, cheaper payment services – a must-have these days – but does so using blockchain technology, an area which has boomed over the past few years but is only now being seen as a serious contender to change the way we manage money around the world.
