Ripple, 2021 is its best year ever
Ripple, 2021 is its best year ever
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Ripple, 2021 is its best year ever

By Marco Cavicchioli - 26 Jan 2022

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Ripple’s value grew by 53% and for the company that issues the XRP cryptocurrency, 2021 can be considered the best year ever.

Ripple buys back its shares

Ripple CEO Brad Garlinghouse said that the company has repurchased some Series C shares issued in December 2019 from the market. 

The most interesting thing, however, is that after this purchase the overall valuation of the company rises to $15 billion, compared to $9.8 in 2019. 

Therefore, in just over two years, the overall value of the company has grown by 53%

At the time of publication of this news, however, the value of the cryptocurrency XRP did not have any particular reaction, although since the end of 2019 its value has already grown by 226%. 

Ripple 2021
2021 was a great year for Ripple despite the lawsuit against the SEC

2021 the best year for Ripple (despite the SEC)

Garlinghouse calls this operation a success. He says: 

“Even with 2021’s headwinds, it was our best year on record, and Ripple’s financial position ($1B in the bank) is the strongest we’ve ever been”.

He is probably referring mostly to the lawsuit filed against Ripple by the SEC in late 2020, and still not reaching a conclusion. 

In particular, it is RippleNet that brings the best results, because in addition to cross-border payments, the platform brings crypto-native services to businesses, such as those related to liquidity. 

The next step is the full development of RippleX, thanks to which many features will be available for the XRP Ledger, such as NFTs, CBDCs, interoperability bridge, sidechains. 

In December 2019, the company had issued Series C shares with which it had raised investments of $200 million. Now it has decided to buy back those shares thanks to the close of its most successful and profitable single year to date. 

Possible developments

The SEC’s lawsuit, however, is not about RippleNet or RippleX, but precisely the way the XRP cryptocurrency was brought to market and sold. So it’s not so surprising that the company’s successes don’t affect the value of the cryptocurrency, since there is always a lawsuit hanging over it that could hurt it. 

In fact, even the Ripple company itself could potentially be very damaged, should the lawsuit end in failure, but the RippleNet and RippleX services could still continue to operate, at least in theory. 

 

Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".

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