Ripple makes the news almost daily, and it’s all in its favor; is it Ripple’s CEO Tattoo effect? Looking at Ripple’s success, anything can be assumed, right? After appearing in the CBInsights’ Fintech top 100 list, the honor at the PAY360 awards is undoubtedly a cherry on the top. The industry powerhouse came back in 2023 after three years of rigorous legal battles. The company is looking forward to achieving greater heights.
In a resounding effort in digital finance that is noteworthy, Ripple clinched the top prize at the esteemed PAY360 Awards. This prestigious accolade, presented by the Payments Association, underscores Ripple’s pivotal role in revolutionizing financial services through the innovative use of digital currencies and assets.
Ripped the Tough Competitors
However, Ripple was not the sole luminary in this space. The “Best Use of Digital Currencies/Assets in Financial Services” category boasted an impressive lineup of contenders, including Arf, IDEMIA, BCB Group, Maya, and BVNK. These firms demonstrated exceptional contributions to the digital finance landscape, showcasing the industry’s collective dedication to pushing boundaries and driving meaningful change.
The event also featured other notable categories, such as “Best Open Banking/Finance Initiative.” Here, industry leaders like MTN and Ericsson, Ozone API, Brite Payments, and Payit by NatWest were recognized for their significant strides in advancing open banking and finance initiatives.
Celebrating Sector-Wide Advancements: From B2B to RegTech
Beyond specific categories, the PAY360 Awards served as a platform to celebrate the broader advancements within the financial services sector. From groundbreaking B2B/B2C banking initiatives to cutting-edge RegTech projects, the event highlighted this industry’s dynamic and rapidly evolving nature.
Ripple’s triumph at the PAY360 Awards is just the latest addition to an already impressive track record. The company received two distinguished awards in Juniper Research’s Future Digital Awards for Fintech & Payments 2023. Additionally, it was named among Fortune’s “Best Workplaces in Technology for 2023” and earned a coveted spot on CBInsights’ highly regarded Fintech 100 list. This all came because Ripple decided to fight the odds and make them heard in the public forum.
Sendi Young, Managing Director of Ripple’s European operations, received the award well and later congratulated the entire Ripple team for bringing this glory to Ripple land.
Perks of Award?
Winners of the PAY360 Award receive a marketing campaign to reach 250,000 payment professionals. Ripple intends to expose its technologies to payments leaders and form essential collaborations. This is undoubtedly a great win.