The valuation of Ripple increased by about $5,000 after the company bought back the shares originally traded during the financing round. Serie C.
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The company developer of products and services Blockchain, Ripple, just passed the $15 billion mark in market valuation after completing a private share buyback.
Ripple repurchases shares and surpasses $15 billion in valuation
As such,Ripple is currently repurchasing the traded shares from investors who participated in the Series C financing round, a group that includes some entities that took action against the company.
In this regard, in a statement released by the company reads:
“The buyback puts Ripple’s new valuation at about USD $15 billion and reflects the company’s strong market an area or arena, online or offline, in which commercial dealings are conducted. position, as well as the company’s global momentum: Ripple’s international business has grown exponentially, and 2021 was the company’s best year to date.”
It is worth noting that prior to this repurchase, the valuation ofRipple was over USD $10 billion, and that throughout 2021 its RippleNet platform a place to buy, sell and store cryptocurrency has seen a considerable increase in the volume how much cryptocurrency has been traded over a set period, such as the past 24 hours. of transactions processed, adding more and more companies to its list of commercial clients.
Ripple vs la SEC
The news comes in the midst of the legal process he is currently facing.Ripple against the U.S. Securities and Exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Commission (SEC), which accuses the company of trading securities in 2013 as part of presale campaigns for its token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. XRP.
Although the lawsuit is still ongoing, it appears that the solutions development company Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. has recorded more victories than the regulator, having successfully challenged in court applications and pleadings filed by the SEC.
As such,Ripple decided to take the legal battle against the SEC instead of seeking a settlement, as the company’s CEO, Brad Garlinghouse, argues that the outcome of this trial will be decisive for the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. ecosystem because of the repercussions it could have for the future of the industry.
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Source:TheBlockCrypto
Version by Angel Di Matteo / DiarioBitcoin
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