Ripple News

Founded in 2012 as OpenCoin, Ripple Labs is the software company developing the XRP cryptocurrency and distributed ledger technology alongside a suite of payment protocols for streamlined cross-border settlement for financial institutions. 

XRP functions as the bridge currency underlying Ripple’s liquidity and exchange product, xRapid, which provides financial institutions a medium for global value transfer between various fiat currencies. 

XRP Ledger is the open-source DLT that provides cryptographically secure, verifiable settlement of the XRP currency. XRP Ledger is not part of Ripple’s suite of proprietary software products, as it is accessible and open to all.