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Highlights:

  • Brad Garlinghouse recently announced that RippleNet now had 300 customers
  • The year 2019 proved to be the best year since its inception

Cryptocurrency project Ripple, Inc has announced that RippleNet, the global network of banks and financial institutions that use the company's blockchain technology, reached more than 300 customers

The announcement was made at this year’s Ripple’s Flagship event – SWELL. the Swell 2019 conference is currently ongoing between November 7-8, 2019. This event will unite various trusted voices across many payments, technology, financial, and policymaking services. They will together share the ideas and suggestions about the structure of global payments and the reason to consider it. The event was an invite only proceeding. 

Top attendees include Reserve Bank of India’s Former Governor, and the 7th Chief Economist at the IMF, Mr. Raghuram Rajan, Chang Heng Chee, the Ambassador at Singapore Foreign Ministry among others. 

“There has been a lot of skepticism about how XRP can be used for liquidity, and as the industry continues to try to find use cases around blockchain, we have more than 20 customers using XRP for cross-border liquidity and are benefiting from that,” Ripple CEO Brad Garlinghouse told Forbes at this year's SWELL event. 

Overall, Garlinghouse said that 2019 has been the strongest year for Ripple so far despite the underwhelming price performance of XRP.    


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