Details Of Ripple-Evernorth Deal Remain Blurry: How Much XRP Is Really Being ...
Momentum around XRP picked up again this week after Ripple-backed Evernorth unveiled plans to go public via a SPAC and use the proceeds to build what it calls the world’s leading institutional XRP treasury. However, there have been questions as to how much of the altcoin is actually being purchased by the company. Evernorth’s upcoming […]
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Evernorth, a company backed by players close to Ripple, said it will go public through a SPAC merger that aims to build a large, public XRP treasury. Based on reports and regulatory filings, the deal would list the new company on Nasdaq under the ticker XRPN and raise more than $1 billion in gross proceeds. […]
The global remittance giant Western Union might use the digital currency ripple in a pilot program. Western Union has confirmed it is currently in talks with Ripple Labs, the company behind the digital currency, but details remain scarce. However, if the program comes to fruition, it would be a landmark moment for ripple and the larger digital currency industry. Vice President of Marketing and Communications at Ripple Labs Monica Long did not confirm the details of the project but did add, "In general, financial institutions and networks use Ripple as a technology that powers real-time....
Ripple CEO Brad Garlinghouse said the firm is to wind down its partnership with MoneyGram. But they remain committed to eliminating payment friction inherent in global financial systems. Ripple re-tweeted details of their most recent significant partnership with bKash and Mobile Money as a response. #RippleNet is partnering with Mobile Money and @bKash_ltd to power […]
Apparently, there are some very angry feelings between payment network startups Ripple and Stellar, and the New York Observer has published a 15,000 word article spilling all the juicy details. Apparently, Ripple and Stellar were going out for quite some time. They were thought to be the cutest couple by all of their friends, and their families were sure an engagement was imminent, but then it turned out that Stellar was cheating on Ripple with a bitcoin mining operation all this time. Ripple discovered the sensual love letter hidden in a closet and decided to confront Stellar a week....
Ripple Labs, the company behind the Ripple protocol and the Codius smart contract platform, is close to finalizing the deal on a new $30 Million USD funding round. Wall Street Journal's Venture Capital blog reports that it has received confirmation from Ripple labs that it is working on closing the deal for its Series B funding round. According to their analysis, the deal would give Ripple Labs (RL) a post-money valuation of $100 million. This valuation stands in contrast to the apparent market valuation of XRP, the token which fuels the Ripple protocol. The company's primary value comes....