Ripple CEO Brad Garlinghouse says the network is working as planned.
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.
At Cointelegraph, we are chronicling the progress of Ripple Labs (and XRP) as it competes with cryptocurrency protocols and traditional fintech platforms alike.
There may be trouble in paradise with one of Ripple’s major partners.9290
Ripple is working to explore new use cases for its blockchain network.29218
As Bitcoin price slowly regains momentum, many altcoins have been rewarding traders by rallying to new all-time highs.14870
Bitcoin price continues to decline at $12,000, but altcoins have taken advantage of the range-bound action by rallying higher.23482
Bitcoin and altcoins might consolidate or correct marginally for a few days before a possible breakout to the upside.28151
If Bitcoin can reclaim the $12,200 level, several altcoins are likely to resume their uptrend.16775
Ripple ranks the highest amongst companies in the Blockchain sector according to the latest annual ranking from Hurun.7489
Blockchain is offering global governments a serious alternative to a strained financial system, Ripple CEO Brad Garlinghouse says.9513
The XRP Markets Report shows Ripplenet’s On-Demand Liquidity network experienced 11x growth compared to 2019, while XRP sales surged in Q2.15116
The strong recovery in Bitcoin and altcoins from their weekend lows suggests that the traders are aggressively buying each dip.28008
XRP price has broken through several key resistance levels including $0.30 as it tries to catch up to Bitcoin with its own impressive gains.31562
Bitcoin finally broke through the $11.2K resistance and Ethereum’s continued strength is likely to pull several altcoin prices higher.35967
Lawyers for Brad Garlinghouse haven’t argued the Ripple CEO’s statements in extolling XRP were true, simply that they can’t be proven false.13055
Thirty new whales are gobbling up XRP in a sign some big investors are rethinking the cryptocurrency.27089