By Solomon Odunayo
There has been a growing speculation among the XRP community members that says that Ripple, the cross-border payment firm, is on the verge of announcing more notable acquisitions, in relation to Ripple CEO’s recent statement.
This was inferred from Brad Garlinghouse’s statement in a recent episode of Ripple Drop. According to the CEO, Ripple is planning to expand its business amidst the present economic situation across the world, after a notable Series C funding, where $200 million was raised.
Garlinghouse noted:
“We need to be more prudent about business decisions, but we’ll also probably, because of the strengths we’re coming from, look at how we strategically grow the business and, you know, look at deals, look at investments, and potential acquisitions in the coming months.”
The statement from the Ripple CEO became a widely discussed topic among XRP investors on the popular XRP-based forum, XRP Chat, pondering on possible acquisitions on the verge for Ripple to confirm.
Many Businesses Will Thrive During This Global Pandemic
According to Brad Garlinghouse, the present global pandemic has been a major challenge for several businesses across the world, but many of these businesses, such as Ripple, would still leverage the present situation to thrive.
“The volatility of the economy creates, you know, some uncertainty for global payments. On one hand, there’s no doubt that we live in a global interconnected world. There’s a lot of migrant workers, and you know, the pandemic may slow down some of that, but there’s no doubt that we’ll continue to move money around the world. I don’t think that’s gonna change anytime soon,” Brad Garlinghouse added.
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