Ripple Won a Major Financial Award, But XRP Struggling

• Ripple obtained a major financial award as a Best Cross-Border Payment Platform
• Among other nominees were Boku, Baked, Airbase, EmTech, Huawei, Thales and others
• However, XRP remains in the red and is trading at ~$0.53

Ripple boasts another win, taking the prize as Best Cross-Border Payment Platform, beating many other very serious competitors.

Juniper Research’s Fintech & Payments Awards also gave honors to many other key financial solution providers in other categories, including TreviPay, Paymentology, Visa, and Fraud.net.

That said, Ripple as a company seems to be more resilient in its growth than its individual assets, and XRP remains in the red trading at ~$0.53.

However, this could be a compliment and shows that the company’s initiatives are much broader than its existing operations and provisions.

Ripple Details at Juniper Research’s Fintech & Payments Awards

Juniper Research’s Fintech & Payments Awards have already recognized Ripple previously for its initiatives and innovations in CBDC.

Now, Ripple competed against Boku, Baked, Airbase, EmTech, Huawei, and Thales, and still won the top platinum award as Best Cross-Border Payment Platform.

In addition to Ripple, other categories that participated were:

• TreviPay, a global B2B payments and invoicing network, was awarded as the top banking innovation of the year.
• SAP Fioneer, a cloud-based software solutions company for the financial industry, and Signifcat, a provider of digital identity services were awarded as key players in the field.
• Paymentology, a card issuing and processing platform, YouLend, a global provider of embedded finance, and Napier AI, an intelligent anti-money laundering platform – were also awarded in the financial technology innovation sector.

Conclusions

Ripple continues to enter new markets, develop new products like RLUSD stablecoin, and contribute to developing an entire Web3.

This is despite the SEC litigation and the fall of their own XRP, which suggests that the company has a long-term strategy and is taking the interim ups and downs in stride.

Congratulations to Ripple, and we hope their movement will become more and more significant and sustainable.