Lol - 0.
Meanwhile, Ripple announced the next chapter for Xpring, the company's open developer platform for money, which uses the XRP Ledger and Interledger Protocol - removing the friction from integrating money into apps. what if ripple said to Tetragon, please start a lawsuit against us so that we can use this to demonstrate the damage caused to our company by the sec law suit, in light of their inactivity for 7 years, paving the way for ripple to counter with their own law suit against the sec. Ripple, the blockchain-based digital payments firm, said it raised 200 million in Series C funds led by Tetragon, with participation from SBI Holdings and. Tetragon Financial Group, which filed a lawsuit to get back its 175 million investment in Ripple Labs, lost its bid as a Delaware court ruled against the UK-based company’s claims. This year, its global payments network RippleNet grew to more than 300 customers worldwide and included a new strategic partnership with MoneyGram.
"Ultimately, this investment supports Ripple’s broader vision for the Internet of Value (IoV) to enable the world to move value like information moves today - a global problem, with far-reaching implications," it added. According to a Bloomberg report, Tetragon is seeking to »block Ripple from using any cash or other liquid assets until the payment is made«. The funding round was led by global investment firm Tetragon, with participation from Ripple-friendly SBI Holdings and Route 66 Ventures, the announcement says.
Ripple has announced $200 million in Series C funding, led by Tetragon with participation from SBI Holdings and Route 66 Ventures.Ĭhief executive Brad Garlinghouse commented: “We are in a strong financial position to execute against our vision - as others in the blockchain space have slowed their growth or even shut down, we have accelerated our momentum and industry leadership throughout 2019."Ī statement from the company explained that the new investment will expedite its hiring of new global talent to meet market demands and better serve both customers and partners. Investment company Tetragon, who led Ripple’s 200 million Series C investment round in 2019, is now suing Ripple in an attempt to have the company redeem the Series C preferred stock owned by Tetragon. Ripple, a San Francisco-based blockchain startup focusing on the payments technologies, announced that is raised USD 200 million in Series C funding from a group of notable investors.