Ripple, one of the top blockchain companies, has been recognized as a leader in the crypto/fiat payments space by Tearsheet’s Power of Payments Awards.
The company said the award represents a “remarkably innovative year” for Ripple and the broader crypto industry.
According to Tear Sheet, the event aimed to shine a spotlight on leading companies in the payments space.
Ripple ultimately shared the award with major companies such as multinational business software company Intuit.
The company is primarily known for its association with the controversial XRP token, but it made it onto the list thanks to its on-demand liquidity (ODL) product, which allows bridging traditional finance and cryptocurrencies. did. According to Tearsheet, the company is enabling cross-border payments to be made more efficiently.
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Ripple’s network already covers 55 countries, which is considered an indication of the company’s influence.
Notably, the tearaway sheet also mentions Ripple’s RLUSD stablecoin product, which is already in the beta testing stage.
Additionally, Ripple was praised for its focus on regulatory compliance. The fact that the company has secured several “significant” licenses around the world makes it a “natural” and difficult recipient, the tear sheet said.
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As reported by U.Today, Ripple was also recently recognized as the best platform for cross-border payments by Juniper Research’s Fintech & Payments Awards.
Meanwhile, XRP price has risen over 2% in the past 24 hours.
