On Tuesday (January 25), Ripple CEO Brad Garlinghouse offered encouraging words for fans of the Californian FinTech firm and the technologies it uses for its cross-border payments solutions.
As The Block reported yesterday, on Monday (January 24) Ripple announced that it had reached a $15 valuation after a private stock buy-back. The FinTech company said had repurchased equity shares from its Series C funding round, which had closed in December 2019 (when Ripple’s valuation got to $10 billion).
The Block’s report mentioned that Ripple had said the following in its announcement:
“The buyback places Ripple’s new valuation at $15B and reflects Ripple’s strong position in the market and global company momentum – Ripple’s global business has grown exponentially and 2021 was the company’s best year to date.“
Well, yesterday the Ripple CEO took to Twitter to mention how excited he was about this buy-back and shares his thoughts on 2021 and 2022:
In subsequent tweets in this thread, Garlinghouse went on to say:
- “2022 – ‘slow down’ is not in our vocabulary. Even with 2021’s headwinds, it was our best year on record, and Ripple’s financial position ($1B in the bank) is the strongest we’ve ever been.“
- “RippleNet is much more than cross-border payments – it’s bringing crypto-native services such as liquidity to enterprises. Today, the network has a volume run rate >$10B. Huge props to the team for continuously upping their game & leaning into new capabilities every year.“
- “RippleX – full speed ahead on establishing a multitude of capabilities to the XRP Ledger – NFTs, CBDCs, interoperability bridges, sidechains and so much more – working hand in hand with devs and partners around the world. It’s a multichain world after all“
On Monday (January 24), Ripple published a blog post to talk about what to expect in 2022. Here are a few highlights:
- “Brooks Entwistle, Managing Director of APAC & MENA, points to the multiple CBDC projects over the last year and their link to national real-time payments systems that are motivated to help improve inadequate payment rails.“
- “In general, Entwistle expects a renewed focus on real-world applications and tangible business outcomes, all of which could lead to even greater growth for RippleNet’s On-Demand Liquidity (ODL) solution in the region.“
- “General Counsel Stu Alderoty also predicts that at least one country will appoint a crypto-specific regulator within the next year, with the hope that while the United States has fallen behind the rest of the world in regulating crypto, it can reverse course in 2022.“
- “Interoperability is also a common theme for 2022 amongst the Ripple leadership team, particularly in its ability to help realize more mainstream adoption and applications for crypto.“
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