Ripple has been included in this year’s CNBC Disruptor 50 companies for making waves in crypto regulation, the only crypto firm on the list.
The list also included Flutterwave, one of Ripple’s customers and Robinhood, the stock and crypto trading firm which was this year’s top company.
Ripple has made it into this year’s CNBC Disruptor 50. The list recognized the top 50 private companies globally “with a rapid pace of technological change and poised to emerge from the pandemic as the next generation of billion-dollar businesses.” Ripple was feted for making waves in crypto regulation.
Ripple has been fighting a legal battle with the U.S Securities and Exchange Commission since December last year. The regulator accuses the firm, and its two topmost executives, of selling unregistered securities. And while this case has dampened the market for XRP holders, CNBC sees it as an advancement of U.S crypto regulations.
The business news outlet, which is one of the world’s most renowned, contends that Ripple is making waves in crypto regulation. Whatever the outcome of its lawsuit, it will impact the crypto industry in a major way, both in the U.S and globally.
We’re proud to be named on the 2021 CNBC #Disruptor50 list for the second year in a row! https://t.co/0DnqtKmfoT
— Ripple (@Ripple) May 25, 2021
CNBC also lauded Ripple for beefing up its board to ensure it has experts in the critical sectors. The most recent appointment was Rosie Rios, a former U.S Treasurer who joined the board earlier this month.
On the company profile, the outlet claimed Ripple is now valued at $10 billion. It has raised $293 million from investors who include Japanese financial services giant SBI Holdings, Spanish banking conglomerate Santander, and VC firms Andreessen Horowitz and Peter Thiel’s Founder’s Fund.
Ripple client makes the list, Robinhood leads
This is the second year in a row that the company has made the list, ranking 38th. Last year, it ranked 28th, with CNBC recognizing it for being a “crypto answer to money transfer.”
Robinhood was the top disruptor company on this year’s list. The company, which has shaken Wall Street by allowing retail investors easy and free access to the stock market, shot up from position 46 last year. Robinhood also offers cryptocurrencies to its users. This has made it even more popular, so popular in fact that earlier this month, DOGE traders flocked the platform until it crashed.
Also on the list was Flutterwave, a company that focuses on digital payments in Sub-Saharan Africa. Flutterwave is a Ripple partner, having integrated Ripple’s technology back in 2018. While announcing the partnership, the company stated:
This partnership leverages Flutterwave’s Core API disbursement engine and Ripple’s xCurrent platforms, making it easier for global and local businesses to receive and terminate P2P, B2B, and B2C payments into Africa.