Ripple is One of The Fastest Growing Blockchain Companies
Recently, Ripple has been recognized as one of the fastest-growing companies by one of the leading San Francisco blockchain giant Business Insider. The magazine estimates that the XRP – Linked Blockchain company, founded in 2012, has grown by a whopping 3,039 percent in the last three years, with median growth of 165 percent.
Ripple Net, which links major banks and financial institutions, has subsequently passed the 300-point mark last year, according to Business Insider.
In unveiling the company’s strategy for XRP rollout, Ripple CEO Brad Garling house revealed that ODL (On demand Liquidity) volume had grown 11 times in one year. Ripple’s valuation has risen to $10 billion after completing a $200 million financing round led by New York-based Tetragon Financial Group. It owns 55 percent of the total XRP offering, and the token is used by more than 1,000 banks and financial institutions in the United States and Canada.
Amidst This privacy management firm tops the list
Although Ripple is the highest-ranking blockchain-related company, but there are private companies that have made impressive strides in the financial services sector, whether private equity firms like Tetragon Financial Group ($1.2 billion) or private banks and mortgage lenders. The largest US lender Fannie Mae was the top performer in the overall processing of the RippleNet network, with 52.5 percent. Georgia-based privacy startup OneTrust, meanwhile, topped the list with 48,337 percent, according to the report.
It was founded just four years ago and is currently valued at $2.7 billion, according to Forbes, after taking in $210 million in February.
