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Ripple

XRP

  • Enterprise Blockchain
  • Payments
Established Year
2012
Headquarter
United States
Operating Status
Active
Ripple is a real-time gross settlement system, currency exchange, and remittance network created by Ripple Labs Inc., a US-based technology company. Released in 2012, Ripple is based on a distributed open source protocol and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value. It claims to enable "secure, instant, and nearly free global financial transactions of any size with no chargebacks".

Organisation

Financial Portfolio

Funding

Series C
3 Investors
$200 M

Investment

Standard Custody & Trust
Standard Custody & Trust
M&A
N/A
Flowdesk
Flowdesk
Series B
$50 M
Futureverse
Futureverse
Series A
$54 M
Metaco
Metaco
M&A
$250 M
Keyrock
Keyrock
Series B
$72 M
Thallo
Thallo
Seed
Lead Investor
$2.5 M
Heirloom
Heirloom
N/A
Lead Investor
$8 M
Supermojo
Supermojo
Seed
$6 M
Hex Trust
Hex Trust
Series B
$88 M
PDAX
PDAX
N/A
$50 M
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Recent News

Frequently Asked Questions

What Is XRP / XRP Ledger?

Launched in 2021, the [XRP Ledger (XRPL)](http://www.xrpl.org) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.