Ripple announces $200 million in funding to grow uptake of XRP cryptocurrency

By GIXnews

Enterprise cryptocurrency company Ripple has announced $200 million in investment funding, which brings the total value of the blockchain technology company to $10 billion, according to reports.

The seven-year-old, San Francisco-based company created the XRP cryptocurrency, the Ripple payment protocol and the RippleNet exchange network in order to disintermediate cross-border financial transactions for financial services businesses.

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Source:: IT news – Networking