Ripple And Robinhood Named in CNBC Disruptive Companies List 2020

Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.
  • The leading payment network Ripple and California-based popular crypto trading platform, Robinhood, marked their position in the 2020 CNBC Disruptor 50 list.
  • However, Ripple stands on 28th position, whereas Robinhood secured 46th position.
  • During scrutiny, CNBC added the evaluation step. In which the companies questioned the impact of coronavirus over their business.

The leading payment network Ripple and California-based popular crypto trading platform, Robinhood, marked their position in the 2020 CNBC Disruptor 50 list. However, Ripple stands on 28th position, whereas Robinhood secured 46th position.

The CNBC list includes forward-thinking businesses

The annual list proposed by CNBC includes forward-thinking businesses that are developing rapidly, which separates an unexpected niche in the market that is working on changing the world.

Besides this, the news was shared on Twitter by Ripple CEO, Brad Garlinghouse saying proudly to be in the Ripple team.

Moreover, the list features the startups that are progressing in cybersecurity, education, Health, It, fintech, and many others.

Primarily, in April, around 1,355 startups were nominated for the annual Disruptor 50 list.  Which finally narrowed to 180 companies.

An additional evaluation step during the selection of companies

During scrutiny, CNBC added the evaluation step. The companies questioned the impact of coronavirus over their business. Moreover, the top 50 finalists responded with positive statements of new product launches, surging demands, and many more.

Explaining the features of Ripple in its list, CNBC notified that Ripple is working on sending money around the world. In a fast, inexpensive, and easy way. Ripple recently claimed that it had expanded its services to over 300 financial customers worldwide. It is planning to partner with American Express and Santander.

Further, portraying Robinhood, CNBC stated that the leading fintech had opened over 3 million new accounts in the first quarter of 2020. Out of which, 50 percent are first-time investors. The company offers commission-free trading opportunities through Robinhood Crypto.

According to CNBC estimate, the companies that have wavered on the “Disruptor 50” list have raised over $74 billion in venture capital.

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