2024

Ripple, alongside digital asset giants like OpenSea, Coinbase, and Chainalysis, has been ranked as one of the top 250 fintech companies in 2024 by CNBC and Statista. According to CNBC, a strict methodology was used to analyze and weigh different KPIs.&nbsp;
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CNBC confirmed that while other outstanding companies were handpicked as “editor picks,” they held no higher prominence than those selected under Statista’s KPI-based objective analysis. CNBC clarified that the selected companies were recognized for their continuous efforts in shaping the future of digital financial services despite facing sector-related struggles.
<h3 id="span-style-font-weight-400-ripple-makes-the-2024-list-of-top-fintech-companies-span">Ripple makes the 2024 list of top fintech companies</h3>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 We’re honored to be recognized by <a href="https://twitter.com/CNBC?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@CNBC</a> and <a href="https://twitter.com/StatistaCharts?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@StatistaCharts</a> as one of the World’s Top Fintech Companies in 2024.
 Thank you to our employees, customers, and supporters on the journey with us! <a href="https://t.co/GW0IUuh2su" rel="noopener noreferrer nofollow" target="_blank">https://t.co/GW0IUuh2su</a>
 — Ripple (@Ripple) <a href="https://twitter.com/Ripple/status/1811023029528580503?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">July 10, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The joint CNBC and Statista report revealed that the 250 selected fintech companies were compiled into eight categories: Payments, Banking Solutions, Neobanking, Wealth Technology, Digital Assets, Alternate Finance, Business Process Solutions, and Financial Planning.&nbsp;
According to CNBC, Statista’s analysts conducted in-depth research between March and May 2024 to determine 250 of the most outstanding fintechs out of more than 2,000 eligible companies.&nbsp;
To derive the companies’ positions on the list, CNBC and Statista considered general KPIs (40%) and segment-specific KPIs (60%) using data compiled from publicly available sources. Some data sources CNBC highlighted included media monitoring, company websites, and annual reports.
Ripple <a href="https://x.com/Ripple/status/1811023029528580503" rel="noopener noreferrer nofollow" target="_blank">expressed gratitude</a> for the recent recognition, declaring that it was ‘honored’ to be included in the jointly compiled list of top fintech companies.
<blockquote>
 “Thank you to our employees, customers, and supporters on the journey with us!”&nbsp;&nbsp;
 –Ripple
</blockquote>
At the time of writing, Binance’s live data showed XRP’s price at $0.4434, a market cap of $24.71 billion, and a transaction volume of $1.01 billion in 24 hours. The data from Binance also reveals that Ripple is among the top 10 cryptocurrencies by volume despite an ongoing lawsuit filed against the company by the U.S. SEC in 2020. 
<h3 id="span-style-font-weight-400-ripple-community-still-hopeful-despite-the-u-s-sec-turmoil-span">Ripple community still hopeful despite the U.S. SEC turmoil</h3>
According to crypto trader Ray Ceiver, XRP investors were desperately waiting for the SEC <a href="https://x.com/rayceiver/status/1811024248309202962" rel="noopener noreferrer nofollow" target="_blank">lawsuit</a> to end positively. He complained that the XRP price had been suppressed for far too long due to the ongoing lawsuit.
Ripple’s CEO, Brad Garlinghouse, <a href="https://x.com/bgarlinghouse/status/1811067423111663737" rel="noopener noreferrer nofollow" target="_blank">expressed</a> his disappointment in the majority of Democrats he accused of enabling Gensler’s ‘unlawful war on crypto.’ Calling Gensler the modern-day ‘Luddite,’ he asserted that the SEC’s chairperson was sabotaging the ability for American crypto innovation to thrive.
<blockquote>
 “In yesterday’s testimony, Gensler kept talking about “crypto asset securities.” That’s a made-up term, found nowhere in the law, by a deeply flawed unelected bureaucrat. He also implied that all crypto executives were criminals.”
 –<a href="https://x.com/s_alderoty/status/1801629952095183115" rel="noopener noreferrer nofollow" target="_blank">Stuart Alderoty,</a>&nbsp;Chief Legal Officer Ripple
</blockquote>
The <a href="https://www.sec.gov/newsroom/press-releases/2020-338" rel="noopener noreferrer nofollow" target="_blank">SEC accused</a> Ripple of raising over $1.3B through an ongoing offer of unregistered digital asset securities (XRP) to domestic and global investors. However, Alderoty <a href="https://x.com/s_alderoty/status/1772339310769094970" rel="noopener noreferrer nofollow" target="_blank">observed</a> that the U.S. SEC was bent on punishing and intimidating Ripple and the industry rather than faithfully applying the law.

Ripple joins the fintench big league despite legal battles

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