Important points
The XRP Ledger saw a surge in active wallets, reaching 35,799 in one day, the highest in three months. Ripple could follow Amazon’s IPO path, opening the door to significant expansion. Ripple’s recent legal victory could pave the way for it to go public.
Ripple’s XRP ledger has recently seen a significant increase in active wallets, with the number of unique wallets transferring money in a single day reaching 35,799, the highest number in over three months.
On the same day, 3,858 new wallets were created, a number that had not been reached for more than seven months. These statistics clearly demonstrate Ripple’s continued growth and how its blockchain network is attracting more people’s attention, regardless of the legal challenges the project faces.
Source: Santiment
This increased activity coincides with increased speculation about the company’s future, particularly about a possible IPO. Ripple’s IPO sparked excitement within the blockchain community as it could give it significant capital and legitimacy for its next stage of growth.
Ripple’s path to IPO
Business leader Jake Claver recently hinted in an X post that the company could follow in the footsteps of Amazon’s 1997 IPO. He highlighted how Ripple’s history has helped launch it in blockchain and fintech, and said it’s really great to be able to enjoy a high-quality listing.
Many people are asking how Ripple can go public, but they don’t fully understand how things work in the capital markets. Let’s take a look at the potential impact and what it means for Ripple’s future. #XRPL and #blockchain technology. 2/20🧵
— Jake Claver, QFOP (@beyond_broke) October 20, 2024
The company is making a name for itself in the market by facilitating faster, cheaper cross-border payments, while currently active in over 300 financial institutions worldwide by leveraging its native token, XRP. I was able to get it.
Often compared to SWIFT, this potential IPO could make Ripple one of the frontrunners in tokenized assets or DeFi. But with Amazon’s IPO, the company received $54 million to expand into more markets.
Similarly, as evidenced by Ripple’s recent acquisition of Metaco (renamed Ripple Custody), the company’s listing will provide much needed capital to expand its business and leverage other industries with blockchain. may be provided.
IPO or direct listing: what’s next?
There are two main routes. Initial public offering means an initial public offering or direct listing of a company. An IPO refers to the issuance of new shares, whether tokenized securities or just DeFi, to raise new capital that can help you scale faster and tap into other markets.
On the other hand, a direct listing without new shares could be more attractive for the company, which has a very strong balance sheet with more than $1.3 billion in cash.
A recent legal victory in an ongoing battle with the SEC could finally pave the way for a public listing. Just as Amazon’s IPO legalized e-commerce, Ripple’s listing will have a similar effect on blockchain technology and finance, making regulators and banks realize it’s permanent for the industry. There is a possibility that
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