Home / Crypto News / Ripple (XRP) is one of Forbes' most innovative fintech companies

Ripple (XRP) is one of Forbes' most innovative fintech companies


Forbes has released its current list of the 50 most innovative fintech companies in 2019. The listings also include six companies from the Blockchain area. These include Axoni, Bitfury, Circle, Coinbase, Gemini and Ripple Labs. In the following, this article focuses on Ripple Labs.

The history of Ripple Labs has been going back several years. In September 2012, Chris Larsen and Jed McCaleb founded a fintech startup in San Francisco called Opencoin. In June 2013, McCaleb left the company. In 2015, Opencoin was renamed Ripple Labs.

Ripple enjoys the backing of some of the most recognized venture capital investment companies. Andreessen Horowitz, CME Ventures, Google Ventures, Santander InnoVentures and SBI Group are all there.

What does Forbes Ripple Labs look like?

Forbes describes Ripple Labs as follows:

“Its global blockchain-based payment network is set to replace Swift, the interbank news platform that has long been connecting almost all banks in the world. Ripple also offers a service that allows companies to make cross-border payments in [Ripple] XRP. It is a cryptocurrency created by the founders, which recently ranked second behind Bitcoin in terms of [total market capitalization]. “

Ripple Labs is talking about “200 RippleNet customers, including the Bank of Amercia and American Express,” says Forbes.

Previous Honors for Ripple

Of course, the current inclusion in the Forbes list is not the only award Ripple Labs has received over the years. For example, “MIT Technology Review” included Ripple Labs in its list of the 50 smartest companies for 2014. In February 2015, Fast Company placed fourth on its list of the world's most innovative money-making companies in 2015 at Ripple Labs. Then, in August 2015, Ripple Labs received a “Technology Pioneer” award from the World Economic Forum. This award is given to companies that demonstrate their ability to develop breakthrough technology. At the same time, companies need to show that they can create solutions that have the potential to change the future of the industry and society.

Back in December 2015, Forbes Ripple Labs first entered the Fintech 50 list for 2015. This was followed in June 2016 by a nomination in the list of “The 5 Hottest Companies in Fintech” by Fortune.

The new inclusion in the Forbes list is justified. Ripple Labs has a very good 2018 year. The company is constantly adding new and high caliber customers. In addition, Ripple Labs has successfully launched its new payment solution xRapid. So Ripple Labs has a good starting position. It will be exciting to see how the company evolves in 2019.

Source: Pixabay

Author: Peter Joost – Source Post: https://www.kryptovergleich.org/ripple-xrp-is-the-innovative-fintech-company-with-forbes/

Disclaimer: CoinNewsDesk.com is a crypto news portal, financial discussion forum, and content curator / aggregator. Articles on Coin News Desk are provided for entertainment and information purposes only. We are not an investment advisor and do not provide financial advice.

We can not review all articles posted on CoinNewsDesk.com. Please independently research and verify any information here before relying on it as fact. It's also important to do proper due diligence and analysis, including consulting a professional financial advisor. No content on Coin News Desk makes any recommendation to enter into any type of investment or engage in any investment strategy on this website.

About Coin News Desk Team