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Brad Garlinghouse sparks speculation throughout community on more acquisitions/partnerships to come for ripple

Brad Garlinghouse sparks speculation throughout community on more acquisitions/partnerships to come for ripple

Quick Take

2 minute read

  • Last year, Ripple took the world by storm as it partnered up and collaborated with numerous different companies all over the world from several different sectors. 
  • After it acquired a stake in MoneyGram in 2019, the community was overwhelmed with excitement. 

Last year, the San Francisco based blockchain initiative ripple took the world by storm as it partnered up and collaborated with numerous different companies all over the world from several different sectors. After it acquired a stake in MoneyGram in 2019, the community was overwhelmed with excitement. As it now owns 10% of the common stock for the company following an investment of $50 million, the company in return Leverages the technology in regards to payments from the San Francisco company for its international transactions.

Brad Garlinghouse has just recently indicated that the company could be set to sign some new acquisitions and deals in the near future in an exciting episode of Ripple Drop.

Speaking in the episode, the CEO highlighted that the coronavirus crisis has had a massive impact on numerous sectors all over the world of the international economy and this includes cross-border payments. Despite this, he is bullish that they will continue to move money across the globe as there is still a large amount of migrant workers who will have to send money back home to their families.

After a poured $200 million that was raised in a series C financing round at the end of 2019, Brad says that this money is going to go towards other strengths to grow its business and score more deals over the next few months.

He further went on to say:

“We need to be more prudent about business decisions, but we’ll also probably, because of the strengths we’re coming from, look at how we strategically grow the business and, you know, look at deals, look at investments, and potential acquisitions in the coming months.”

The rumour mill is now in full effect as the community speculate on what is to come for the future of ripple.



It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

 

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