In 2019, Ripple has made great progress. The company's global payment network, RippleNet, has grown to more than 300 users worldwide, including a strategic partnership with MoneyGram.
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Ripple CEO Brad Garlinghouse said it took his team almost a year to get partner MoneyGram to be confident in its digital cryptocurrency XRP.
Brad Garlinghouse disclosed in episode 17 of The Ripple Drop, a special festive episode dedicated to reflecting the impact of blockchain technology and digital assets over the past decade.
This episode also explains the prospects for technology leadership as we enter the new year and the new decade.
When moderator Reinhard Cate asked Brad about what amazing moments in 2019, Brad said how Facebook announced the Libra white paper. He said Facebook had a chance to do better, but it confused everything and was condemned . Brad has held this position with Libra since the white paper was published.
He further stated that he was also surprised when US President Donald Trump made some comments on cryptocurrencies in 2019. Note: When Trump suffered this year, he commented that Bitcoin is not a currency.
Regarding his love of blockchain and digital assets, Brad said that he and his team spent a year talking with MoneyGram's leadership team and seeing the company in the past year The transition from a skeptical attitude to an important cryptocurrency advocate is encouraging.
He said the industry does not necessarily need 2,000 cryptocurrencies . Brad foresaw that some projects would still die .
At the same time, MoneyGram is now one of many financial institutions that use Ripple ’s blockchain product On-Demand Liquidity to improve cross-border remittances worldwide.
MoneyGram CEO W. Alexander Holmes became one of the strong advocates of this digital token after using XRP for cross-border payments. Recently, he said that MoneyGram has completed $ 100 million in payments through this Ripple innovation.
Ripple's XRP is now available for purchase with Visa cards
Cryptocurrency exchange Binance announced that it now allows users to use its Visa card to purchase major cryptocurrencies such as XRP.
The exchange stated in a statement that users can now bind their crypto accounts with Visa cards, allowing them to use a debit card to buy BTC, BNB, ETH and XRP directly on Binance.com.
Binance also urged MasterCard users to be patient as it will soon increase support for payment providers. The exchange also added that other cryptocurrencies will receive support as soon as possible.
Ripple promises that 2020 will be a glorious year for blockchain companies. With the end of the year, XRP has gained more support from many cryptocurrency companies. Bitrue recently added 27 trading pairs to XRP as a Christmas gift, bringing the number of XRP trading pairs on the platform to 54.
"Not bad money" Ripple completes $ 200 million Series C financing
Ripple recently announced on the official website that it has completed $ 200 million in Series C financing. This round of financing was led by Tetragon, with SBI Holdings and Route 66 Ventures participating. According to reports , Series C financing has valued Ripple at $ 10 billion. However, Garlinghouse told Fortune magazine that Ripple was not short of money. The Block data shows that Ripple has sold $ 260 million worth of XRP in the past year.