Key metricsKey metrics
PricePrice$0.4691
Asset TypeAsset TypeCryptocurrency
StructureStructureFor Profit Company
Project StatusProject StatusWorking Product
OwnershipOwnershipCentral Control
SectorSectorGlobal Remittance
IndustryIndustryFinance
FoundedFounded4-Jul-1905
Funds raisedFunds raised93.6M
CountryCountryUnited States
Key personKey personBrad Garlinghouse

Ripple (XRP) Information{coin_name} ({symbol}) Information

The Digital Asset for Payments

Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network created by the Ripple company. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol,[3] it is built upon a distributed open source internet protocol, consensus ledger and native cryptocurrency abbreviated as XRP (ripples). Released in 2012, Ripple purports to enable "secure, instantly and nearly free global financial transactions of any size with no chargebacks." It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes.[4][5] At its core, Ripple is based around a shared and public database or ledger,[6] which uses a consensus process that allows for payments, exchanges and remittance in a distributed process.
MVP Only
Real use of XRP, the coin, is done through xRapid. Currently some organizations are in the early stages of testing or starting to use xRapid, but volumes still seem small.

Team OverviewTeam Overview

Brad Garlinghouse
CEO

Brad is the CEO of Ripple and a member of the Board of Directors. Prior to Ripple, Brad served as the CEO of file collaboration service Hightail. From 2009 to 2012 he was President of Consumer Applications at AOL and prior to that he held various executive positions at Yahoo! from 2003 to 2009, including Senior Vice President. Earlier in his career, Brad helped to pioneer the VoIP industry as CEO of Dialpad Communications. He currently serves on the Board of Directors of OutMatch and has held board positions at Ancestry.com and Tonic Health.

Marcus Treacher
SVP of Customer Success

Marcus Treacher is the SVP of Customer Success at Ripple. Marcus has over 30 years of experience in transaction banking and payment technology, including 12 years in global leadership roles at HSBC. He served as a member of the Global Board of SWIFT from 2010 to 2016. Prior to joining Ripple Marcus was HSBC’s Global Head of Payments Innovation, applying emerging fintech to solve customer challenges in digital payments, trade and supply chain. Prior to HSBC, he held leadership positions at Citigroup and Accenture. Marcus also works with industry communities, organizations and governments to help shape new payment practices. He chaired SWIFT’s global advisory body for corporates from 2010 to 2016 and is an independent non-executive director of CHAPS Co, the UK’s RTGS clearing company, where he chairs the CHAPS Security committee & User Group.

Ethan Beard
SVP of Xpring

Ethan Beard is the SVP of Xpring at Ripple. Throughout his career, Ethan has focused on building relationships between technology companies and their partners, including leading the Facebook Developer Network and New Business Development at Google. He is also an active investor and advisor to early-stage technology startups, and once served as an EIR at Greylock Partners. Previously, Ethan co-founded a startup, BigSoccer, worked at MTV and structured derivatives at Bank of America.

Asheesh Birla
SVP of Product

Asheesh is the SVP of Product at Ripple, which he first joined in 2013 to lead the development of their product suite. Asheesh is an industry expert on blockchain and is a frequent contributor, speaker, and advisor on blockchain and cryptocurrency. Asheesh started his career as an entrepreneur 15 years ago in Silicon Valley, where he founded a content management company that he later sold to Thomson-Reuters, becoming their VP of Global Technology in 2005. After leaving Thomson-Reuters in 2010, Asheesh advised and led product design at a number of startups in Silicon Valley.

Kanaan
SVP of Engineering

Kanaan is the SVP of Engineering at Ripple. He started his career developing medical imaging systems at Cerner Corporation. He has led and grew teams at Yelp and Quantcast that were responsible for syndication partnerships, business analytics, internal applications, and data pipelines.

Sandi Kochhar
VP of People

Sandi Kochhar is the VP of People at Ripple. Before joining Ripple, she held several leadership positions at enterprise software companies such as AppDirect, Atlassian and SuccessFactors. In each role, she helped the company to scale, led global expansion, M&A integrations and IPO-related activities. Sandi also brings extensive operations excellence experience from her time as a Global Six Sigma Black Belt at Honeywell.

Brynly Llyr
General Counsel

Brynly is General Counsel of Ripple. Before joining Ripple, Brynly advised fintech companies and held senior legal positions, including serving as General Counsel to the Small and Medium Business group at PayPal and as Senior Director of Litigation at eBay. In these roles, she led litigation teams and partnered on matters including commercial deals, M&A and IP protection. Brynly also brings extensive legal and financial experience from her previous roles at O’Melveny & Myers and Charles Schwab, as well as a clerkship under Judge Fern M. Smith (Ret.) in the United States District Court for the Northern District of California.

Monica Long
SVP of Marketing

Monica Long is SVP of Marketing and Communications at Ripple. Throughout her career, Monica has helped technology companies drive fundamental change in the financial industry. Before joining Ripple, Monica worked in corporate communications at Intuit. Prior to that, she supported startup clients in various B2B and B2C sectors, with several in fintech, including Prosper.

John Mitchell
SVP of Global Sales

John is the SVP of Global Sales at Ripple. Prior to joining Ripple, he led global sales for Reval, the world-leader in SaaS Treasury Management Systems for large international corporations and transaction banking. He started his career in finance with IBM, subsequently moving into direct sales. John has over 25 years leadership experience in selling complex enterprise software to banks, covering capital markets, payments, AML and liquidity. John has established successful businesses in North America, EMEA, SE Asia, Japan and Mainland China as well as having worked for three listed companies.

David Schwartz
Chief Technology Officer

David Schwartz is Chief Technology Officer at Ripple. David is one of the original architects of the Ripple consensus network. Prior to joining Ripple, David Schwartz was Chief Technical Officer for WebMaster Incorporated, a Santa Clara software developer. He developed encrypted cloud storage and enterprise messaging systems for organizations like CNN and the National Security Agency (NSA). Known as “JoelKatz,” he is a respected voice in the digital currency community.

Eric van Miltenburg
SVP of Business Operations

Eric is the SVP of Business Operations at Ripple. He has 20 years of leadership experience in business development, strategic planning, business operations and corporate development. Prior to joining Ripple, Eric held senior positions with high-growth start-ups and Fortune 500 companies including Adobe, Yahoo!, Hightail, RedSwoosh, Work.com and Excite@Home.com. He is known for his extensive experience in solving complex business problems and executing strategies that help technology companies systematically accelerate growth.

Ron Will
Chief Financial Officer

Ron is Chief Financial Officer at Ripple. Before joining Ripple, he was the CFO at TubeMogul, Inc., a public advertising software company based in Emeryville, California that was acquired by Adobe for $540 million. Prior to TubeMogul, Ron was CFO, Chief Compliance Officer and Operating Partner at Mainsail Partners, a growth equity firm with more than $750 million in committed capital. Ron also held a CFO role at BrightRoll, Inc., a video advertising platform, where he helped scale the company and grow revenue by 500% in four years. Ron brings extensive experience in corporate finance, capital markets and acquisition transactions from his previous position as the Treasurer and VP of Corporate Finance at Yahoo! and in other roles at Lehman Brothers, Merrill Lynch and Bank of America.

Cory Johnson
Chief Market Strategist

Cory is the Chief Market Strategist of Ripple. Prior to Ripple, Cory worked as a hedge fund portfolio manager at Kingsford Capital Management and journalist at Bloomberg and CNBC covering high-growth technology companies. Earlier in his career Cory ushered in many startups, including theStreet.com, the Industry Standard, SLAM and Vibe magazines.

Kahina van Dyke
SVP of Business and Corporate Development

Kahina is SVP of Business and Corporate Development at Ripple. Prior to Ripple, Kahina lead Global Financial Services and built the global payments partnerships teams at Facebook. She has held executive global roles at MasterCard and Citibank mostly on international assignments. In addition, Kahina is a non-executive board director of Progressive Insurance company. She brings a depth of industry knowledge combined with a track record launching innovative solutions with partners. She is passionate about accelerating the next generation of global financial services and payments to serve people, business and communities around the world.

OrganizationsOrganizations

Ripple Labs Inc.

Company NumberCompany Number 5602063
315 Montgomery Street, 2nd Floor, San Francisco, CA 94104

Questions and AnswersQuestions and Answers

Why can't banks just use Ripple technology and just scrap XRP?
Because the infrastructure that Ripple is building provides fast payments but not fast settlement. Right now, it doesn't matter that much that it takes a few days to settle a payment because the payment itself takes about that long. But if the payment can complete in seconds and the settlement still takes days, customers will still have to pre-fund their payments to avoid the slow path. That means it will cost their customers a lot more. One of the key factors driving banks to Ripple right now is that banks want to save their customers money, particularly for new corporates that spend a lot of money pre-funding payments. Take Uber for example. Uber wants a person to drive for them because they need extra money to buy groceries. For that to work, Uber has to be able to pay people in many countries within an hour. While Uber is more extreme, companies like AirBNB, Amazon and even more traditional companies like Seagate need to make rapid payments all over the world. Today, a company would do that by keeping a pile of money in every market they might need to pay into. But that costs them a fortune. If their payments could settle quickly, they would save those outlays and every bank wants their business. Fortunately, international payments are almost as bad today as international settlement is. So Ripple can make a business out of providing better and aster payments even if banks still have to use traditional correspondents for the settlement. So banks do see huge value in Ripple even without XRP. But every bank that uses Ripple's payment system also eliminates all the technical obstacles to settling with XRP. So for a payment where XRP is faster, cheaper, or both, there's absolutely no reason for them not to use it.
What is the difference between XRP, XRP Ledger, and Ripple?
XRP is the digital asset native to XRP Ledger. The XRP Ledger is an open-source, distributed ledger. Ripple is a privately held company.
How secure is XRP? Do I have to use exchanges?
The XRP Ledger is where XRP transactions occur and are recorded. The software that maintains the Ledger is open source and executes continually on a distributed network of servers operated by a variety of organizations. It’s an open-source code base that actively develops and maintains the ledger. Since XRP Ledger’s inception, we’ve worked to make the Ledger more resilient and resistant to a single point of failure through decentralization, a process that continues today.
Is the XRP Ledger centralized?
This is a top misconception with the XRP Ledger. Centralization implies that a single entity controls the Ledger. While Ripple contributes to the open-source code of the XRP Ledger, we don’t own, control, or administer the XRP Ledger. The XRP Ledger is decentralized. If Ripple ceased to exist, the XRP Ledger would continue to exist.
Can Ripple freeze XRP transactions? Are they able to view or monitor transactions?
No one can freeze XRP, including Ripple. All transactions on XRP Ledger are publicly viewable.
Can Ripple create more XRP?
No. Ripple the company didn’t create XRP; 100 billion XRP was created before the company was formed, and after Ripple was founded, the creators of XRP gifted a substantial amount of XRP to the company.

TechnicalTechnical

Key metricsKey metrics

Source Code Repositories

ripple/rippled 3256 Stars 82 Contributers 144 Open Issues

Decentralized cryptocurrency blockchain daemon implementing the XRP Ledger in C++

ripple/ripple-client 1356 Stars 63 Contributers 41 Open Issues

A UI for the Ripple payment network built using web technologies

ripple/ripple-lib 814 Stars 76 Contributers 38 Open Issues

A JavaScript API for interacting with the XRP Ledger in Node.js and the browser

EconomicsEconomics

Supply Economics
The total supply of XRP started at 100 billion. XRP used for transaction fees is burned. As of May 2019, around 8 million XRP have been burned (0.008%). As of May 2019, a majority of XRP is still with the team and 1 billion XRP gets released from escrow each month that the team way sell to raise funds. So far it's estimated that Ripple has sold $890 worth of XRP.
Tradeable CoinsTradeable Coins
42,501,950,124 (43% of total) ({tradeable_of_total} of total)

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Binance XRP/USDT $0.4664 -0.57% $71,101,531 0.04% 0.1%
Upbit XRP/KRW $0.4738 1% $70,748,391 0.18% 0.18%
Binance XRP/BTC $0.4681 -0.22% $49,789,855 0.05% 0.09%
Bitfinex XRP/BUSD $0.4691 0% $26,142,172 0.05% 0.05%
Bitstamp XRP/USD $0.4666 -0.54% $18,859,080 0.14% 0.14%
Coinbase Pro XRP/USD $0.4678 -0.29% $16,122,603 0.09% 0.09%
CoinOne XRP/KRW $0.4747 1.2% $14,066,919 0.18% 0.18%
Kraken XRP/USD $0.4665 -0.57% $8,513,604 0.11% 0.13%
Bitstamp XRP/EUR $0.4682 -0.19% $7,778,373 0.2% 0.32%
Kraken XRP/EUR $0.4681 -0.22% $6,431,235 0.07% 0.07%
Bitfinex XRP/BTC $0.4684 -0.15% $5,907,079 0.02% 0.12%
Coinbase Pro XRP/BTC $0.4682 -0.19% $5,639,643 0.05% 0.05%
Gate.io XRP/USDT $0.4666 -0.53% $4,575,538 0.11% 0.11%
Poloniex XRP/BTC $0.4680 -0.24% $4,057,985 0.05% 0.07%
Bittrex XRP/BTC $0.4683 -0.17% $3,240,376 0.05% 0.07%
Binance XRP/BNB $0.4679 -0.25% $3,066,512 0.08% 0.08%
Kraken XRP/BTC $0.4695 0.09% $2,874,330 0.16% 0.19%
Coinbase Pro XRP/EUR $0.4681 -0.21% $2,534,864 0.15% 0.24%
BTCTurk XRP/TRY $0.4685 -0.14% $2,185,962 0.74% 0.74%
Binance XRP/ETH $0.4686 -0.12% $1,872,471 0.11% 0.26%
Bitstamp XRP/BTC $0.4688 -0.08% $1,661,860 0.26% 0.26%
Poloniex XRP/USDT $0.4669 -0.47% $1,172,373 0.36% 0.36%
Binance XRP/TUSD $0.4640 -1.1% $1,153,401 0.28% 0.28%
BTC Markets XRP/AUD $0.4696 0.1% $1,011,286 0.39% 0.39%
Binance TRX/XRP $0.4705 0.29% $927,283 0.33% 0.66%
Binance XRP/USDC $0.4669 -0.47% $913,294 0.23% 0.23%
Bittrex XRP/USDT $0.4659 -0.68% $892,765 0.25% 0.25%
Bittrex XRP/USD $0.4668 -0.48% $790,987 0.2% 0.2%
CEX.io XRP/USD $0.4688 -0.08% $499,851 0.17% 0.17%
Binance XRP/PAX $0.4679 -0.26% $471,202 0.34% 0.5%
Indodax XRP/IDR $0.4700 0.2% $438,778 0.03% 0.21%
Bitso XRP/MXN $0.4549 -3% $383,102 0.92% 0.92%
Poloniex XRP/USDC $0.4624 -1.4% $235,810 0.94% 0.94%
Bittrex XRP/ETH $0.4691 -0.01% $215,920 0.33% 0.33%
Mercado Bitcoin XRP/BRL $0.4578 -2.4% $139,545 0.44% 1.3%
CEX.io XRP/BTC $0.4688 -0.08% $107,271 0.42% 0.61%
CEX.io XRP/EUR $0.4646 -0.96% $56,986 1.2% 1.2%
Binance XZC/XRP $0.4710 0.41% $55,411 0.16% 3.3%
Kraken XRP/CAD $0.4604 -1.9% $53,667 1.1% 2.3%
Gate.io XRP/BTC $0.4691 -0.01% $44,357 0.47% 0.7%
BTC Markets XRP/BTC $0.4670 -0.45% $15,484 1.3% 1.3%
Indodax XRP/BTC $0.4697 0.13% $12,236 0.28% 1.1%
Bitso XRP/BTC $0.4624 -1.4% $7,823.52 1.1% 2.9%
Kraken XRP/JPY $0.4395 -6.3% $47.95 3.3% 35%
Lykke XRP/EUR $0.4616 -1.6% $0.0000 0.95% 0.95%
Lykke XRP/ETH $0.4730 0.83% $0.0000 0.9% 0.9%
Lykke XRP/CHF $0.4637 -1.1% $0.0000 0.95% 0.95%
Lykke XRP/BTC $0.4710 0.39% $0.0000 0.91% 0.91%
Lykke XRP/USD $0.4650 -0.89% $0.0000 0.93% 0.93%

Latest Ripple NewsLatest Ripple News

Ripple on Twitter

CEO @bgarlinghouse explains how Ripple is helping solve the inefficiencies in how money moves globally today. Watch the full #BrainstormFinance interview with @CliftonLeaf here: https://t.co/6EheVPy4AX… https://t.co/Hqcq82ZtTP

Ripple on Twitter ReadRead 

Ripple goes into defense mode amid Facebook’s Libra announcement and its after-effects

(adsbygoogle = window.adsbygoogle || []).push({}); Ripple has gone shields-up after the Libra announcement as people speculate that this could inadvertently hurt Bitcoin and even Ripple, the company, and the cryptocurrency, XRP. The officials of Ripple have since put out statements and expressed their thoughts on how...

AMBCrypto ReadRead 

Ripple on Twitter

Families like Sarinya’s rely on receiving money from loved ones abroad. See her story in episode 2 of our “Pay Forward” series. https://t.co/iD54KJW8Us… https://t.co/WqipTuotL4

Ripple on Twitter ReadRead 

Ripple’s partnership with Euro Exim Bank explores possibilities other than the use of XRP

(adsbygoogle = window.adsbygoogle || []).push({}); Ripple, the real-time gross settlement system, has been working hard towards the adoption of their native cryptocurrency, XRP. While proponents of other cryptos are working towards increasing the use cases of the coin, Ripple took XRP to the banks and provided them...

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Ripple on Twitter

“The industry has gone from illicit to speculation to utility—the entrance of huge tech and finance players speak to that change. But all digital assets should not be lumped together—you need to evaluate based on use case.” @bgarlinghouse at @FortuneMagazine’s #BrainstormFinance… https://t.co/4G7wZzXgRc

Ripple on Twitter ReadRead 

Ripple on Twitter

A changing payments ecosystem means a changing data ecosystem. Great panel this morning at #ebaday2019 with Ripple Global Head of Banking @delatinne and other leaders from @jpmorgan, @DeutscheBank and @DanskeBank_DK.… https://t.co/pfZW5PrQBE

Ripple on Twitter ReadRead 

RippleNet’s new software update offers ‘bunch of functionalities’ to partners, claims Ripple executive

(adsbygoogle = window.adsbygoogle || []).push({}); Recently, RippleDrop released an extended video of its latest episode, with the main focus being on RippleNet’s software update, the global payment settlement network. In the episode, Craig DeWitt, Director of Product Management, was asked how the software update on...

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Mexico, Philippines are very large receive side countries when it comes to remittances, claims Ripple executive

(adsbygoogle = window.adsbygoogle || []).push({}); Ripple, one of the prominent players in the FinTech industry, continues to make strides in the cross-border payment settlement ecosystem. The firm recently announced a partnership with MoneyGram, a money transfer company headquartered in Dallas. Ripple would be...

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Stuart Alderoty on Twitter

Thrilled to welcome @Michellebond111 as @Ripple's Global Head of Governmental Relations! 15+ years of global govt relations, legal, and policy experience. Excited to have her on board as we continue to work closely with lawmakers, regulators, and partners worldwide!

Ripple on Twitter ReadRead 

Kahina Van Dyke on Twitter

Delighted to welcome @bremadigan, VP of Institutional Markets and Phil Chin, VP of Corporate Development to my team @Ripple! As we continue to grow, we're fortunate to have these two experts spearheading some of @Ripple strategic efforts.

Ripple on Twitter ReadRead 
This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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