Ripple President Drops Bombshell: No Public Listing, Just Acquisitions & Fun!

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Hold onto your hats, folks, because Ripple President Monica Long just threw a little cold water on your IPO dreams! Bloomberg reports that the company isn’t rushing to go public anytime soon. Shocking, right? Who doesn’t want to be listed on the stock market and deal with all those fun shareholder meetings? 🙄

Long, the woman with the plan (and a serious poker face), has assured us that Ripple is in a “fortunate” position-like, “we could buy anything we want” fortunate. They’re apparently swimming in so much cash, it’s like Scrooge McDuck’s vault, minus the danger of drowning in gold coins. 💰

Ripple’s Got More Acquisitions Than Your Local Grocery Store

And no, this isn’t just corporate-speak. Ripple has spent over $4 billion (yes, billion with a B) on acquisitions. That’s right, they’re buying up everything like they’re at a Black Friday sale. 🚨 Recently, they picked up Palisade, a firm that handles custody infrastructure. Because why wouldn’t you want to get your hands on that? A few months back, they also grabbed Rail, a stablecoin payments platform, and Hidden Road, a prime brokerage. Just imagine their office now-it’s like a Monopoly board with real money. 🤑

Doubling the Customer Base Because Why Not?

And wait for it-Ripple is growing faster than your dad’s garden after a rainstorm. They’ve increased their customer base by 100% quarter-over-quarter. That’s right, they’re basically making friends and influencing people. Stuart Alderoty, Ripple’s Chief Legal Officer (also known as “The Guy Who Knows All the Legal Jargon”), says they’re “back to business” now that their legal showdown with the US Securities and Exchange Commission is wrapped up. Good times, am I right? 🙃

In other news, Garlinghouse (no, not the one in your college dorm) revealed that the majority of Ripple’s new job offers are in the US. And remember, the company had been shut out of the US market for a while due to regulatory chaos. But now? They’re free, baby! 🎉

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2025-11-06 08:50