Ripple (cryptocurrency)

Ripple (cryptocurrency)

Ripple is a global currency exchange and remittance network that aims to lower the cost and improve the speed of international bank transfers relative to legacy financial infrastructure.

Ripple is a global currency exchange and remittance network that aims to lower the cost and improve the speed of international bank transfers relative to legacy financial infrastructure. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native currency called XRP (ripples). Ripple's consensus is based on the Federated Byzantine Agreement (FBA) -- a kind of middle ground between public, permissionless blockchains such as Bitcoin and private, permissioned blockchains such as Hyperledger Fabric.

Ripple was released in 2012, helping to enable "secure, instant and nearly free global financial transactions of any size with no chargebacks."

At its core, Ripple is based around a shared, public database or ledger, which uses a consensus process that allows for payments, exchanges and remittance in a distributed process. In 2014, Ripple defended the security of its consensus algorithm against a competitor; Stellar Network. Currently, Ripple is the third-largest cryptocurrency by market capitalization, after Bitcoin and Ethereum. Used by companies such as UniCredit, UBS or Santander, the Ripple protocol has been increasingly adopted by banks and payment networks as settlement infrastructure technology.


With the Ripple ledger, people can send and receive different types of fiat currency or cryptocurrency. XRP is the native currency of the ledger, but by preparing trustlines, in other words a trust relationship between two parties, two financial organizations or people can trade with multiple currencies, all on the Ripple ledger. In this way, banks can send money across the world in just seconds, not days. The foreign currency that is held on the ledger is in the form of an IOU. In addition, if one party sought to purchase a foreign currency from a party for which they have no direct trustline, Ripple provides a path-finding algorithm that connects the two parties through indirect trustlines. This mechanism is called 'rippling' and consumers who have multiple gateways in the same currency can 'allow rippling' on their account to receive a small transit fee for allowing inter-gateway liquidity.

Spam prevention

Every Ripple wallet must have a minimum of 20 XRP and every transaction mandates a fee in Ripple. This helps to prevent flooding of the network from adversaries who wish to thwart it.


December 22, 2020
The Securities and Exchange Commission announced that it has filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders, alleging that they raised over $1.3 billion through an unregistered, ongoing digital asset securities offering.
May 12, 2017
Ripple raises a $200,000 corporate funding round.
September 15, 2016
Ripple raises a $55,000,000 series B round from Standard Chartered.
October 6, 2015
Ripple raises a $4,000,000 series A round from CME Ventures, Mouro Capital and Seagate Technology.
May 19, 2015
Ripple raises a $28,000,000 series A round from Blockchain Capital, CME Ventures, CRCM Ventures, Core Innovation Capital, Digital Currency Group, IDG Capital Partners, Nurzhas Makishev, RRE Ventures, Route 66 Ventures and Seagate Technology.
November 12, 2013
Ripple raises a $3,500,000 seed round from Camp One Ventures, Core Innovation Capital and IDG Ventures.
May 14, 2013
Ripple raises a $1,400,000 seed round from Camp One Ventures, GV, IDG Capital Partners and Pantera Capital.
April 11, 2013
Ripple raises a $2,500,000 seed round from Andreessen Horowitz and Lightspeed Venture Partners.
October 2, 2012
Ripple raises a $200,000 seed round from Avant Global.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Ripple (cryptocurrency) Series A round, May 19, 2015
May 19, 2015
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Nithin David Thomas


Royce Raju Beena


Vinayak Radhakrishnan


Further reading


Solution Overview



The Ripple Protocol Consensus Algorithm

David Schwartz, Noah Youngs and Arthur Britto


Documentaries, videos and podcasts


XRP Price Prediction 2020, 2021, 2025 | XRP Forecast

February 17, 2020




JD Alois
April 7, 2021
Crowdfund Insider
Click HERE to find out ⭐ Price of XRP Rises as Perception Improves of Ongoing Lawsuit Between Ripple and SEC. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
March 24, 2021
Around the world, digital currency has seen substantial adoption, except in one region. The US is still lagging in adopting some type of framework to significantly manage the digital currency space and, as the largest consumer market in the world, the lack of clarity is prohibiting extensive global adoption. Jason Simon, a FinTech and cryptocurrency expert, discusses the stalled progress of US cryptocurrency regulations and what needs to happen for massive growth to occur. One of the fir...
Quynh Nguyen
March 19, 2021
SE Asia's largest car e-commerce platform Carsome has appointed Mei Han as the CEO of Carsome Certified.
Pomerantz LLP
March 11, 2021
/PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against MoneyGram International, Inc. ("MoneyGram" or the "Company")...
Jack Newsham
February 27, 2021
Business Insider
Big Law firms like Davis Polk, Goodwin Procter, and Skadden tout blockchain experts. And Coinbase tapped Fenwick to help it go public.
December 29, 2020
In light of the recent US action against Ripple, cryptocurrency exchange Coinbase on Tuesday said it will suspend trading in XRP cryptocurrency from January 19
December 25, 2020
The U.S. Securities and Exchange Commission filed a lawsuit against cryptocurrency platform Ripple, its CEO, and its chairman, for illegally selling unregistered securities worth $1.3 billion, the agency said Tuesday.
Shona Ghosh
December 24, 2020
Business Insider
Lucas Matney
December 23, 2020
The value of one of the world's most valuable cryptocurrencies is crashing and a recently filed SEC complaint is at the root of the free fall. According to CoinMarketCap, the XRP token's value has declined more than 42% in the past 24 hours and is down more than 63% from its 30-day high of $0.76. [...]
Walter Thompson
December 23, 2020
Regulation shouldn't be a guessing game.
BBC News
December 23, 2020
BBC News
If the lawsuit is successful, it could set a precedent for the regulation of crypto-currencies.
Amanda Cooper
December 23, 2020
Business Insider
Ripple's XRP dropped by as much as a third after the Securities and Exchange Commission charged the company's bosses over the way the token is sold.
December 23, 2020
The Economic Times
The lawsuit which said that XRO is a security not currency, claimed that Ripple's former CEO and founder Christian Larsen and its current CEO Bradley Garlinghouse violated securities laws by selling XRP over a seven-year period starting in 2013.
Kevin Shalvey
December 23, 2020
Ripple's XRP asset isn't crypto, but a $1.3 billion unregistered stock sale, says a suit brought by the SEC on Tuesday.
Elizabeth Lopatto
December 22, 2020
The Verge
Ripple, its former CEO and founder Christian Larsen, and its current CEO Bradley Garlinghouse are being sued by the US Securities and Exchange Commission. The SEC says that they raised more than $1.3 billion through an unregistered securities offering. Ripple claims they offered a currency.
Shalini Nagarajan
December 22, 2020
Business Insider
In a series of tweets, Ripple CEO Brad Garlinghouse blasted the SEC's decision to sue his firm right before the holidays.
December 16, 2020
/PRNewswire/ -- Michael Brooks, CEO of goLance, an award-winning global freelance marketplace, offered his perspective on the relationship between banks and...
Nguyen Thi Bich Ngoc
December 9, 2020
Glilot Capital, and West Fountain Global Fund also invested in
Samantha Hurst
November 27, 2020
Crowdfund Insider
Click HERE to find out ⭐ Clean Energy Ownership Platform Ripple Launches New Seedrs Round; Quickly Nearing £350,000 Funding Target. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.


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