Ripple Secures $500M Funding Round, Valued at $40 Billion

Blockchain payment company Ripple has secured a significant funding round of $500 million, marking a record valuation of $40 billion. The investment comes from prominent financial institutions like Citadel Securities and Fortress Investment Group, demonstrating the growing acceptance of blockchain technology within traditional finance. This latest funding signifies a wider shift as established Wall Street firms seek to capitalize on the burgeoning digital payments and blockchain sector despite ongoing market pressures.