Ripple enters on CNBC’s list of 50 disruptive companies

RippleNet Cloud payment solution grew to 17 new clients. Ripple enters on CNBC’s list of 50 disruptive companies.

As reported by CNF, the RippleNet Cloud is a newly launched solution. The objective of this payment solution is to simplify the settlement of bank accounts through On Demand Liquidity. As a bonus, the RippleNet Cloud speeds up the integration and configuration of RippleNet for financial institutions, so RippleNet can be used after a few weeks instead of months of configuration. The brazilian bank Banco Rendimento was the first to successfully migrate to the RippleNet Cloud.

In addition, Ripple’s Managing Director for the South Asia and MENA region, Navin Gupta, confirmed that Ripple reached another important milestone.

According to Brad Garlinghouse, Ripple’s CEO, the company has partnered with 28 new customers in the first few months of this year alone. In addition, Garlinghouse said that while other payments companies have seen a 40% drop because of the coronavirus pandemic crisis, Ripple grew by 80% in terms of transaction volume.

Ripple among CNBC’s 50 disruptive companies

CNBC revealed its list of the “50 disruptive companies of 2020”. The list began to be published in 2012 and, as stated by CNBC, it is an annual selection of companies that are innovating in cyber security, education, health, logistics, fintech, among others to become billionaire businesses.

Ripple’s CEO celebrated the company’s achievement and said he was proud of the Ripple team. The payment solutions company is among 36 unicorns (companies that have reached $1 trillion in market valuation) that have continued to grow even in the current economic situation.

Author : Reynaldo