Ripple Continues to Sign New Customers, Claims CEO Garlinghouse
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The US Securities and Exchange Commission (SEC) slapped a $1.3 billion lawsuit on blockchain firm Ripple for soliciting investments for an unregulated securities offering. However, according to Ripple CEO Brad Garlinghouse, the firm continues to grow strong and has signed up 15 new customers since the lawsuit. The new letter reveals customer interest In a new letter public yesterday, Garlinghouse wrote, “2020 was a banner year for Ripple, despite a disappointing ending related to U.S. regulation (understatement?). We processed millions of RippleNet [transactions], grew [on-demand liquidity] 12x [year-over-year] and signed 15 new customers after the SEC complaint.” Despite the lawsuit, the firm added new two new customers per week on average. The chief executive said that the firm has more customers than ever before. He said that RippleNet’s adoption is being fueled by increasing demand for payments interoperability and digital financial services in the Asia Pacific region. ...