News

Ripple CEO Brad Garlinghouse Says The Company Is Considering Acquisitions.

In the future, Ripple CEO Brad Garlinghouse said the San Francisco-based payments company may consider buying other crypto ventures.

Ripple CEO Brad Garlinghouse

Ripple, according to Garlinghouse, has a “very strong balance sheet” and is at a point in its development when it is more likely to be a buyer than a seller.

“I would say there’s a lot of growth in crypto, and we are looking at a lot of different segments in crypto for growth. Some of that, obviously, we will build internally – the carbon credit initiative is something we’ve kicked off internally – but we’ve invested in over 30 or 40 companies around the crypto ecosystem, and we’ll continue to look at opportunities to grow through external acquisitions also.”

The CEO believes that mergers and acquisitions will become more common in the crypto market.

He believes that [mergers and acquisitions] in the blockchain and crypto area will increase. Garlinghouse also adds that Ripple also intends to consider an initial public offering (IPO) if its ongoing case with the US Securities and Exchange Commission is resolved.

Ripple CEO Brad Garlinghouse Says The Company Is Considering Acquisitions.

The San Francisco payments firm isn’t the only one considering acquisitions: Brett Harrison, president of the crypto exchange FTX.US, tells CNBC that his company is looking into “potential merger and acquisition opportunities” to help it get more users and/or governmental licenses.

“We’re doing that globally, in places like in Japan, Australia, in Dubai, different places where we’ve been able to either partner with local companies or sometimes do acquisitions to be able to get licenses that we need.”

Last week, FTX CEO and co-founder Sam Bankman-Fried told Bloomberg that his organization had set aside more than $2 billion from fundraising events to invest in other companies.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Patrick

CoinCu News

Victor

Recent Posts

Dogecoin Price Gets $5 Prediction, Shiba Inu To Rally 1,100%, And ETFSwap (ETFS) To Jump 135x

Here are the latest predictions for Dogecoin, Shiba Inu, and ETFswap.

2 hours ago

AVAX Hits $1B in DeFi, Cardano Expected to Surge—BlockDAG Leads with $110M Presale & 100% Bonus!

Discover BlockDAG's 100% bonus and $110M presale surge that’s sparking interest among crypto enthusiasts. Also,…

2 hours ago

Crypto Institutional Investors Move To ETFSwap (ETFS) Amid $500 Million Liquidity Injection Expectations

Discover why crypto investors are moving to ETFSwap (ETFS) as $500 million liquidity injection is…

5 hours ago

Buyers Rush to Maximise Gains with BlockDAG’s 100% Bonus Offer; Plus, ETH Holds Strong as Solana Challenges Rivals

Learn about BlockDAG's $110M presale achievement and the whopping 100% bonus offer, alongside Ethereum's growth…

7 hours ago

Thai Police Corruption Case Involving Officers and Extortion

Thai police corruption exposed as officers extort millions in USDT from a Chinese man under…

10 hours ago

SafePal Telegram Wallet Launches with Swiss Bank Accounts and CeDeFi

SafePal Telegram Wallet allows 950 million users to create compliant crypto-friendly Swiss bank accounts, integrating…

11 hours ago

This website uses cookies.