Recently, CNBC, an American news media corporation, compiled a list of 50 companies that made an impactful change in 2020. While many tech start-ups and unicorns made their way to the top lines, Ripple was the only digital currency innovator who landed 28th in the ranking on the list.
Ripple, a company specializing in wireless transfers and hustle-free domestic and international payments, has long been in the spotlight because of its usability within both large and small businesses. XRP, a native digital asset on the XRP Ledger that can settle transactions in 3-5 seconds, continues to emphasize the importance of instant payments that can be done across a wide range of different global currencies.
As the number of user cases continues to grow, Ripple plans a serious expansion plan, especially taking into account the most recent crisis. Nowadays, Ripple pays attention to small- and medium-sized businesses as well as individuals, who collectively can help to achieve the worldwide scalability the company aims for. But even without that, Ripple takes bespoken leadership when it comes to transfers materialized within seconds between different corners of the world.
Other companies on the list include digital game-changers, some of which benefitted from the world turmoil and this way climbed to the top. This holds true for Stripe, a digital payments platform which took an advantage from the lockdown and was able to grow its customer base thanks to a high demand for online shopping. Being a close rival of PayPal, the company handles online payments with equal success, while offering better convenience and not redirecting to external links.
Another two top contesters choose to play in popular market niches. This can be said about Coupang, a company which made a fortune through establishing a major e-commerce footprint in South Korea, and Indigo Agriculture, which plays on a popular consumer mood of sustainability in food. The latter proposes a natural seed treatment for all main crop types, in addition to running a marketplace for building a link between buyers and sellers. The former is the third-largest e-commerce company worldwide, which grew in popularity during the past 3-month lockdown.
Ripple achieved a massive awareness in 2018, when the price of XRP soared to the $3 mark. That made an impactful change for the founder of the company Chris Larsen, whose net worth briefly surpassed the wealth of Mark Zuckerberg and landed a fifth place in the list of world’s richest people.