Even though a lot of cryptocurrency enthusiasts have no love lost for Ripple, one can’t deny the technology it offers. A blockchain-based system for the financial sector is a nifty prospect. We all know the banks will not embrace Bitcoin or cryptocurrencies anytime soon. By using Ripple’s Consensus ledger, they are effectively bridging the gap between finance and cryptocurrency. It is no surprise Ripple is the 5th most influential blockchain company today.
According to the Rise Top 100, the power rankings have shifted in the blockchain world. Even though some of the companies on this list aren’t even using blockchain technology, the names are quite impressive. One surprising entrant has made its way in the top 5, as Ripple now takes this spot. This also means Ethereum and Humaniq have both been pushed down below this company in the rankings. A rather interesting trend, to say the least.
Ripple is a Top Influential Blockchain Company
If we remove the “news sites” from this list altogether, Ripple is, in fact, the number three blockchain company in the world. They follow Coinbase and Pymnts in this regard, although one can argue neither of those companies should be in the top 3 either. It all comes down to how people want to define blockchain companies in 2017. For most of us, that means companies actively working with or developing blockchain technology. That means Ripple, Ethereum, and Humaniq are the only names in the top 10 which actually belong there.
It is rather remarkable to note Ripple was barely in the top 10 four months ago. This shows the Rise top 100 influential companies for this sector certainly needs a lot of work moving forward. The vast majority of these rankings are based on keyword and hashtags, though, which explains some of the names on this list. It is good to see Ripple move into the top five, though, as it has been long overdue. The company is wildly successful in Asia and is now expanding its presence in the Middle East.
Blockchain technology is still a very popular trend right now. Despite very few projects having anything to show for their efforts, Ripple is bucking the trend. This company is actively bringing blockchain technology to the masses in one way or another. Whether or not these rankings will have any effect on the XRP price, remains to be seen. So far, XRP has been dropping in value rather steadily. It will take some time until it reaches US$0.25 again, assuming that will happen in the first place.
Our Social Networks: Facebook Instagram Pinterest Reddit Telegram Twitter Youtube
