Ripple Labs is gearing up to invest its large cash reserves of $1 billion into growing its services and becoming more than just a payments platform. Speaking at the Dubai Fintech Summit, CEO Brad Garlinghouse commented that while Ripple started as a cross-border payments platform, it now wants to expand further by offering liquidity, compliance, custody and tokenization services. Ripple plans to use this money in markets which are favorable toward blockchain technology.
That would be great
wow great guys