Established in 2012 under the name OpenCoin, Ripple Labs is the software corporation responsible for creating the XRP (XRP) cryptocurrency and its accompanying distributed ledger technology (DLT), the XRP Ledger. In addition, the company has crafted a collection of payment protocols, such as RippleNet, which are designed to optimize cross-border transactions for financial entities. RippleNet serves as a counterpart to the traditional SWIFT system, aiming to revolutionize and accelerate international money transfers by leveraging blockchain technology.
Initially featuring distinct services (xCurrent for bank payments, xRapid for liquidity via XRP and xVia for API integration), RippleNet consolidated these offerings in 2019. This strategic unification aimed to broaden XRPโs application in fund transfers under a single, cohesive RippleNet banner. Rippleโs XRP Ledger is the open-source DLT that provides cryptographically secure, verifiable settlement of the XRP currency. The XRP Ledger is not part of Rippleโs suite of proprietary software products, as it is accessible and open to all.
In 2020, the United States Securities and Exchange Commission filed a lawsuit against Ripple and its executives, Brad Garlinghouse and Christian Larsen, which accused it of conducting unregistered securities offerings worth over $1.3 billion via XRP sales. However, in July 2023, Ripple secured a partial victory when U.S. District Judge Analisa Torres ruled that XRP sales on public exchanges did not constitute unregistered securities offerings.
แแจแจ แแแแแ แแแ แแแแแฃแแ Ripple-แแก RLUSD-แ แกแแแแแ แ แแแแแขแแแแแแชแแแ 10 แกแแฃแแแแแกแ แกแขแแแแแแแแแจแ แแแฎแแแ แแ แแแจแแแแแแแ แแ แ แฌแแแแ แแแแแแ แแ แแจแ $1 แแแแแแ แแก แแแแฆแฌแแ.