• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ripple: Company's Valuation and IPO Plans

user avatar

by Giorgi Kostiuk

a year ago

Ripple is considered one of the most promising cryptocurrency companies. Recently, its CEO mentioned holding $100 billion in XRP, prompting a reassessment of the company's valuation and IPO plans.

Ripple's Actual Valuation

Garlinghouse dismissed the $11 billion valuation of Ripple from early 2024 as outdated, emphasizing the importance of considering XRP holdings when determining its true valuation.

IPO Plans and SEC Challenges

Garlinghouse noted the challenges faced from the SEC as a reason for not considering an IPO. However, with a new more pro-crypto chairman expected, the company may reconsider its IPO plans.

Ripple USD Excitement

Garlinghouse emphasized the growing demand for Ripple's custody solutions and blockchain products. RLUSD has created significant excitement in the cryptocurrency market, and many believe Ripple could lead as a blockchain infrastructure provider.

With $100 billion in XRP and growing demand for its solutions, Ripple is well-positioned to strengthen its leadership in blockchain solutions for financial institutions.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bank of Japan Signals Interest Rate Hike, Impacting Global Bond Markets

chest

The Bank of Japan hints at an interest rate hike, leading to a rise in global bond yields.

user avatarTando Nkube

Pat Gelsinger Removed as CEO of Intel Amidst Strategy Disagreements

chest

Pat Gelsinger has been removed as CEO of Intel due to disagreements with the board over the company's turnaround strategy.

user avatarKofi Adjeman

Dogecoin Whale Activity Drops to 60-Day Low

chest

Dogecoin whale activity has dropped to a 60-day low, with high-value transactions falling from 38 to just four, raising concerns about the sustainability of recent price movements.

user avatarNguyen Van Long

Pi Network's Unique Approach to Social Applications

chest

Chengdiao Fan explained how Pi Network is building social applications powered by crypto incentives, focusing on developing features that differentiate from traditional Web2 applications.

user avatarSatoshi Nakamura

Chengdiao Fan Highlights Key Challenges for Crypto Adoption

chest

Chengdiao Fan highlights the need for awareness, regulation, and real-world applications in the crypto space, identifying three major challenges for mass adoption and long-term growth.

user avatarJesper Sørensen

Galaxy Z TriFold Unveiled with Innovative Features

chest

Samsung has unveiled the Galaxy Z TriFold, featuring a 10-inch display, innovative hinge design, and the ability to run three apps simultaneously.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.