Ripple Receives $ 200 Million Investment, XRP Price Takes Action

Ripple, one of the world’s largest Blockchain companies, managed to raise $ 200 million with its C Series investment.

Giant Investment

Ripple recently announced a new announcement and announced that it has received $ 200 million in investment.

According to the company’s statement, the investment process was attended by giant names such as Tetragon, Route 66 Ventures and SBI Holdings. According to the announcement, this $ 200 million investment will be used to a large extent to develop Ripple’s own Blockchain XRP Ledger.

The company will also use this investment to increase the use of XRP and transfer the XRP to a wider audience. Brad Garlinghouse, CEO of Ripple, comments:

As a company, we are in a position to realize our visions. While other companies in the Blockchain sector are now growing slower, even closing down, our growth has accelerated throughout the year.

Ripple’s statements seem to have been reflected in the price of the XRP. Coinmarketcap data XRP price rose more than 3 percent and rose to $ 0.19.