![]() According to CoinDesk data, the cryptocurrency is up 3.12 percent on the day at $0.1934. XRP has seen a slight price bump as news of the investment spreads. Related: Ripple Files Last Bid to Dismiss XRP Securities Lawsuit Before Court Meeting Earlier this month, Ripple moved to have the case dismissed, saying, along with other arguments, even if XRP were a security, the investor plaintiffs brought their case far too late for it to proceed. Ripple will be in court next month, defending its motion to dismiss a lawsuit claiming its sales of XRP were an unregistered security issuance. In its last financial report, Ripple said its total XRP sales for the third quarter of 2019 were worth $66.24 million, up from $251.51 million in the previous quarter. As part of the deal, MoneyGram will utilize Ripple’s products for cross-border settlements. It also partnered with MoneyGram, taking a near 10 percent stake in the remittance firm. Highlighting what it called its “strongest year of growth to date,” Ripple said its RippleNet payments network grew in 2019 to over 300 clients. The funding round raised a total of 200 million, bringing Ripple’s value at the time to an estimated 10 billion. SBI Holdings, a Japanese financial company that was already in a joint venture with Ripple at the time (namely SBI Ripple Asia), also participated. The new stakeholders will further provide “invaluable industry insight and expertise” as Ripple grows its business, according to the announcement. Tetragon was among the leading investors in Ripple’s Series C round back in 2019. ![]() The investment will allow the firm to further draw new international talent and “better serve” customers and partners, the firm said. ![]() Related: Ripple’s Revamped Xpring Platform Looks to Boost XRP Development As others in the blockchain space have slowed their growth or even shut down, we have accelerated our momentum and industry leadership throughout 2019,” said Ripple CEO Brad Garlinghouse. “We are in a strong financial position to execute against our vision.
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