Fintech is one of the fastest growing sectors in recent years, and many fintech companies have reached billions of dollars in value and have risen to “unicorn” status. In this list, which is dominated by giants such as Revolut and Stripe, there is only one representative of the altcoin market…
Companies on the Unicorn list
According to data provided by Finbold, three cryptocurrency companies with a total valuation of $42.3 billion entered the list of the top 10 fintech unicorns worldwide as of Q20225. The total value of the top 10 fintech unicorns is $273.7 billion.
Among cryptocurrency companies, Ripple ranks fifth with a valuation of $15 billion. Blockchain.com ranks sixth with a valuation of $14 billion. With a valuation of $13.3 billion, the NFT platform OpenSea emerges as the 8th most valuable fintech unicorn in the world.
On the other hand, payments giant Stripe ranks first as the most valuable unicorn with $95 billion. It is followed by Checkout.com with a value of $40 billion. UK-based bank Revolut is third with a valuation of $33 billion, followed by Chime with $25 billion.
In fourth place was Square, which has a valuation of $50 billion. Square provides payment processing for small businesses and is also a popular Bitcoin exchange. In fifth place is Klarna, which is valued at $40 billion. Other notable fintech unicorns include Chime, Coinbase, Revolut, SoFi, Lufax and Adyen.
Ripple is the only altcoin representative of the list
Ripple, the company behind XRP, which ranks 6th in terms of market value, ranked fifth in the unicorn list with a value of $ 15 billion. Despite the troubled operating environment in the US, where regulatory uncertainties reign, the company still remains the top-value crypto unicorn. Ripple was sued in 2020 by the SEC, accused of selling XRP as unregistered security.
While the uncertainty of the outcome of the lawsuit continues in the upcoming period, the value of the company seems to have remained stable. The lawsuit is likely to have widespread effects on the overall crypto market. Overall, Ripple’s value can be attributed to the fact that a significant portion of the company’s business is located outside of the US.
cryptocoin.com As Ripple, we mentioned that recently, the largest South Korea-based exchanges broke the record for transaction volume.
David Swchartz gives the altcoin community much needed leverage
With XRP rising to a five-month high, Ripple’s CTO David Swchartz took to Twitter to put an end to the discussion about the token’s qualifying as a security. While referring to the chat, Schwartz stated that the Ripple ecosystem is now open source. Therefore, the token cannot be considered a security as users no longer need to depend on a third party to access the XRP Ledger (XRPL).
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