Ripple’s Valuation Tops $50B As Firm Begins $750M Share Buyback

Ripple has launched a share buyback program that values the company near $50 billion, according to Bloomberg. The blockchain payments company plans to repurchase up to $750 million in shares from investors and employees through April. The tender offer comes months after a $500 million funding round and follows new partnerships and acquisitions across its payments and digital asset infrastructure business.