Ripple was rated #38 on CNBC’s Disruptor 50 list of the year’s most successful private companies, owing to its unique approach to borderless payment technology and its status as one of the world’s largest crypto firms.
This year’s CNBC Disruptor 50 is the ninth annual list of private enterprises who are prospering despite the pandemic and using innovative business strategies and fields. Unicorns (privately held companies) that have reached the $1 billion valuation mark, including Ripple, which is valued at $10 billion, are among the listed companies.
Making Waves in the World of Crypto Regulation
Ripple is rated number 38 on the list, with the caption “making waves in crypto regulation.” Since the SEC launched a complaint against its leaders for allegedly conducting a $1.3 billion sale in unregistered securities, the crypto business has continued to grow.
Ripple, on the other hand, still intends to go public after the lawsuit, following in the footsteps of Coinbase, which went public on April 14, and Kraken, which aims to go public in 2022.
Ripple’s XRP And Its Journey So Far in 2021
Despite the company’s numerous issues and a difficult week for the entire crypto market, Ripple’s XRP has recovered to $0.86, trading back above the 2020 highs after dropping nearly 50% of its value.
Following Ripple’s achievements, the XRP currency, which is now rated seventh in terms of market capitalization, has seen some light. The payment processor recently partnered with Egypt’s National Bank (NBE), which has extended its February 2020 agreement.
Ripple’s XRP coin experienced yet another spike after another victory over the SEC. According to CryptoPotato, the SEC attempted to get Ripple’s executive’s financial records from at least six banks, which the business strongly objected to and submitted a motion indicating that the essential documents had already been agreed upon, which judge Sarah Netburn granted.
Of course, XRP, like every other cryptocurrency, has been hit hard by the market’s recent fall.