Blockchain payment protocol startup Ripple has been named one of the most disruptive companies by CNBC.
According to the eighth annual Disruptor 50 list compiled by CNBC, Ripple, the parent company behind the crypto-asset XRP, has been named a top company.
The report identifies private companies whose breakthroughs are “influencing business” and market competition at an “accelerated pace.”
In addition to market disruption, the report claims the Disruptor 50 companies are poised to emerge from the coronavirus with “tech platforms that have the power to dominate.”
The report continues,
The start-ups making the 2020 Disruptor list are at the epicenter of a world changing in previously unimaginable ways, turning ideas in cybersecurity, education, health IT, logistics/delivery, fintech and agriculture into a new wave of billion-dollar businesses.
According to CNBC, Ripple ranked 28th on the list and was highlighted as a “crypto answer to money transfer.”
Of the fifty disruptive companies, thirty-six have already crossed the $1 billion valuation mark, raising a collective $74 billion in venture capital. Thirty-seven of the companies have continued to hire new employees since the pandemic started, with nineteen pivoting their products or launches to meet the challenges imposed by COVID-19.
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