Ripple company has made yet another achievement since its remarkable win with the Security and Exchange Commission (SEC). Reports from that quarter had it that Ripple has just made the list of top CNBC Fintech companies by the president as part of the United States’s expansion program. This latest development is believed to have the propensity to drive the price of XRP to $3 in no time.
It was gathered that this move is part of an effort by Ripple to re-establish its business relationship with the United States market after over two years of a legal battle by the SEC, which went in favor of Ripple. In one of her latest interviews with CNBC, Monica Long officially announced the latest development, Ripple’s President.
In the interview, Long expressed her excitement about the past court judgment, which has enabled the company to resume full operations in the United States market. She also explained that the post-judgment activities within the company had done quite well and helped them successfully navigate new business terrines.
Long said, “We’re quite delighted about it since it makes it clear how Ripple will run its business moving forward, which makes us happy.” She added that they “re-engage with the American market.”
Ripple Works On Expanding Outside Its Major Markets
The company has in the past made it clear that the United States market is significant to its operations, despite its expansion plan, which is meant to go beyond its current operational zone. Investigation into the company’s operations says they have been very active in Europe, the United Kingdom, Dubai, and Singapore.
While in the interview, Long said that the company had witnessed much growth a few years after it went outside its United States market. She confessed that their foreign business operations are responsible for the growth of the payment business.
Long explained that their successful customer base in the United Kingdom, Singapore, Sao Paulo, and Dubai is evidence that their customer base has gone global. The company crowned its recent achievement when it became on the CNBC publication list of the top 200 most globally performing Fintech companies.
The report states that this recognition came after the TV station evaluated more than 1,500 companies through Statista: an independent research company. The companies were analyzed using major performance inductors like user numbers, total funding, and revenue.
The research company had used a Key performance indicators (KPIs) to conduct the research to ensure a more detailed result. To guarantee fairness in the whole process, the company also adopted specifically segmented Key performance indicators.
Ripple ranked alongside top industry performers like Stripe, Revolut, Tencent, PayPal, Ant Group, and Klarna. Industry observers, and ETH News John Kimutwe, said that Ripple’s emergence is evidence that the impact of its operations is widely felt in the fintech industry.
While responding to this latest ranking, Long tweeted on her Twitter handle with the announcement, saying the company (Ripple) is among the very few cryptocurrency companies honored during the listing. This announcement gathered many reactions on Twitter and the trading market, with the XRP pushing towards a $3 price margin.
The XRP is currently trading at $0.670647 as of the time of writing, with a market capitalization of $35,338,969,725 in the last 24 hours. This situation, minute said, may continue should the company maintain its reputation in the world Fintech Industry.
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