- Ripple named to CNBC’s 2020 Disruptor 50 company list.
- The company boasted a strong Q1 with substantial growth numbers.
Ripple has been named to CNBC’s 2020 Disruptor 50 company list. The cryptocurrency payments firm took the 28th spot on the list as “a crypto answer to money transfer”.
According to CNBC, the 2020 Disruptor 50 began with 1,355 nominees. In addition to identifying innovative companies, CNBC also took in another factor into account: the pandemic.
We then asked those 180 for more information about the impact the pandemic was having on their companies. Many, especially those that ended up on the final list, responded with positive stories of surging demand, hiring, new product launches and product pivots to help with various challenges brought on by the virus.CNBC
Ripple Boasts Strong Q1
As reported by The Crypto Associate, the crypto payments pioneer saw a strong Q1 as RippleNet usage grew substantially. RippleNet is Ripple’s flagship platform, enabling participating members to facilitate and streamline global remittance. Through RippleNet, cross-border payments are quicker and more cost-effective.
During the Q1 2020 virtual all-hands meeting, Ripple CEO Brad Garlinghouse revealed strong platform growth.
We saw about an 85% increase in volume across RippleNet between Q4 and Q1, that’s obviously really really good.Brad Garlinghouse @ Ripple Q1 2020 Virtual All-Hands Meeting
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