Crypto Biz: How Ripple quietly convinced Wall Street
PositiveCryptocurrency

- Ripple has successfully raised $500 million in a funding round, leading to a valuation of approximately $40 billion, as Wall Street shows renewed interest in the company following its legal battles with the SEC. This investment reflects a strategic pivot for Ripple, which has been under scrutiny due to its significant holdings in XRP.
- The substantial backing from Wall Street highlights a shift in investor sentiment towards Ripple, suggesting growing confidence in its business model and the potential for XRP as a viable cryptocurrency in the market.
- Despite the positive developments, concerns remain regarding Ripple's heavy reliance on XRP, which constitutes a significant portion of its net asset value. This situation underscores the ongoing volatility in the cryptocurrency market and the cautious approach that institutional investors are taking towards assets linked to XRP.
— via World Pulse Now AI Editorial System







