• Ripple’s President, Monica Long, announced the company’s plan to re-engage with the US market following a court ruling that confirmed XRP is not a security

• Ripple earned a spot on CNBC’s list of top 200 fintech companies, reflecting its global impact and innovative business model. 

During a recent CNBC interview, Monica Long, the President of Ripple, revealed the company’s plans to resume its activities in the US market. This decision comes in the wake of a significant court ruling which confirmed that XRP, the digital currency associated with Ripple, is not classified as a security in the United States.

Long, conveyed her excitement about the clear guidance offered by the ruling. She went on to state,

” It’s been a couple of weeks now since the judge’s ruling in our case, providing clarity that XRP is not a security. We’re very happy about it because we now have clarity on how Ripple will operate its business going forward. And we are re-engaging with the US market.”

Nevertheless, Ripple’s operational approach extends beyond the United States. The company has witnessed substantial expansion in global markets, particularly in regions where regulatory guidance is well-defined. According to Monica Long, a considerable portion of their growth over the years has occurred outside the US, with notable potential for their business in areas such as the UK, Europe, Singapore, Dubai, and the Middle East, specifically in the domain of payments.

Particularly noteworthy is Ripple’s expansion in the UK, where the company is contemplating additional investments. This is evident from the fact that their office space in London has more than doubled, underscoring significant growth.

Adding to their international presence, Long also highlighted that the fintech firm operates other crucial offices in Singapore, Dubai, and Sao Paulo, showcasing their diverse customer base and global outreach. She emphasized,

“We have a pretty large customer base in Europe, the Middle East, and Dubai, in addition to being a key office location, also plays a significant role, as does Singapore.”

Ripple’s Recognition on CNBC’s List

Ripple’s list of accolades continues to grow, with the company securing a place on CNBC’s prestigious ranking of the top 200 fintech firms globally. Independently conducted by research firm Statista, the selection process scrutinized more than 1,500 companies across nine diverse market segments, considering essential performance metrics such as revenue, user base, and total funding raised. This recognition further highlights Ripple’s remarkable achievements in the fintech industry.

Ripple has now become a part of the esteemed group of prominent companies in the industry, including Ant Group, Tencent, PayPal, Stripe, Klarna, and Revolut. Monica Long expressed her sense of pride in this acknowledgment through a tweet, where she lauded the team’s achievement in securing a spot on CNBC’s inaugural list of the World’s Top Fintech Companies. She emphasized that being one of the few crypto companies recognized is a remarkable accomplishment that the team deeply appreciates.

Statista’s methodology employed a sophisticated scoring model that factored in both general key performance indicators (KPIs) and segment-specific KPIs, ensuring an equitable evaluation across the varied business models present in the fintech domain.

For Ripple, inclusion in the list stands as evidence of its extensive global presence, groundbreaking technology, and the efficiency of its business approach. As the company continues to progress and extend its reach, this acknowledgment serves as a reaffirmation of Ripple’s substantial influence on the broader fintech landscape.