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[XRP]Ripple signed contracts with a number of banking giants and received US$55 million in financing.  On the evening of September 15, 2016, Beijing time, Ripple, a distributed ledger settlement startup, announced the completion of a $55 million Series B round of financing. Leading investors include Standard Chartered Bank, Accenture Ventures, Standard Chartered Digital Ventures, Siam Commercial Bank and the venture capital arm of SBI Holdings. Other investors include Santander InnoVentures, CME Venture, Seagate Technology and Venture 51. Ripple President and Chief Operating Officer Brad Garlinghouse told reporters:  “This investment strengthens our balance sheet and allows us to consider acquisitions. There are a lot of small companies doing interesting things. In the short term, we probably won't be interested, but going forward, we probably will. ”So far, Ripple’s investors include Google Ventures, Andreessen Horowitz, IDG Capital Partners, and Jerry Yang’s AME Cloud Ventures. Ripple has become one of the most funded blockchain companies. Ripple was created in 2012, and at the time, most startups in the industry were focused on the Bitcoin protocol. However, Ripple (then known as OpenCoin) chose a different path. Unlike Bitcoin, Ripple’s consensus ledger was permissioned, meaning banks did not have to worry about anonymous entities validating transactions. In addition, Ripple's distributed ledger products and services do not require its native token XRP (Ripple currency).  Success is not achieved overnight. It took Ripple nearly a year to acquire its first customer (German Internet Bank Fidor). Four months after that, the company signed up two U.S. banks, and six months later, a dozen more banks struck deals with Ripple. Growing number of banking partners In addition to today’s financing news, Ripple also announced that a large number of large banks will officially join its network, including: Standard Chartered Bank, Westpac Banking Corporation, National Australia Bank (NAB), Mizuho Financial Group (MHFG), BMO Financial Group, Siam Commercial Bank, Shanghai Huarui Bank, Huachuang Capital, etc. According to the company, while various financial institutions have successfully transferred actual funds to the Ripple network, in addition, these banks are currently building their own commercial products.  As an example, Garlinghouse said Chinese private bank Shanghai Huarui is working with Ripple to build a new commercial cross-border payment service, which aims to allow the bank's customer base to make international remittances in real time. Overall, the Ripple network now includes 15 global banks, 10 of which are already in the commercial transaction stage. Additionally, the company claims to have established 30 pilot projects. The company's scale has grown exponentially According to Garlinghouse, Ripple’s scale is accelerating as these new banks sign on. In the past quarter, more than 50% of the employees hired by Ripple were engineers. In addition, Garlinghouse estimates that the company’s compliance department has far more members than the rest of Ripple’s competitors. “Banks need this support,” he said.  It is reported that Ripple will move out of its headquarters in San Francisco within the next six months, and the new headquarters will be twice the size of the current headquarters. Welcome to follow Qiankun International WeChat public platform. Here we will always share the company's development trends with you and continuously bring you the best quality product information. In the future we will release more new products that can bring health, happiness, happiness and wealth. I hope that Qiankun people will often pay attention to the platform and share the best product information with family, friends, and people who need it. Let more people participate in the large platform of Qiankun International and spread the spirit of health and happiness.  (To learn more, long press the QR code to follow us) |
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