Brad Garlinghouse, CEO of Ripple, published an article summarizing the year 2020 and talking about 2021.
Accordingly, Garlinghouse described 2020 as a 'milestone' for Ripple. Noting that customer growth has increased in key markets, Garlinghouse also emphasized that the developers in the XRP community have made incredible innovations.
However, the CEO expressed his gratitude for the support from a large segment of the global community, including business partners, shareholders, industry players, global regulators, in the company's legal fight against the SEC. "We have closed the year strongly," said Garlinghouse, underlining that there are necessary elements for Ripple to be a more successful year than last year.
"RippleNet had a great year"
Referring to Ripple's global payment solution, RippleNet, the CEO stated that according to the numbers, RippleNet has left behind a perfect year, with approximately 3 million transactions over RippleNet throughout the year. Garlinghouse continued, "This means about a 5-fold increase in volume compared to 2019. Our Liquidity on Demand (ODL) solution continues to grow, and the notional value of transactions in 2020 was approximately $ 2.4 billion, up 12 times year over year. " used the expressions.
15 new clients after the SEC case
Noting that the global customer interest is also very strong, the CEO stated that the team continues to make new customer deals twice a week in more than 40 countries.
"Despite the SEC lawsuit filed against Ripple on December 22, we agreed with 15 more new customers and closed 2020 with more customers than ever before."
According to Garlinghouse, the growing demand for digital financial services and payments interoperability in the Asia Pacific region further encourages RippleNet's adoption among many SMEs, fintech companies and payment providers in the region. The CEO emphasized that this region is the busiest market in terms of both customer demand and transaction growth. Sharing the figures as well, Garlinghouse said that the number of agreements signed in 2020 increased by 80 percent year on year, and transactions increased by 1700 percent.
Also referring to XRP Ledger, the CEO stated that last year, XRP LEDGER was the first major blockchain to be decarbonized globally in partnership with the Energy Web Foundation.
