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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.
Two collections have appeared on NFT marketplace OpenSea depicting images and art related to the rare widespread protests in China over its lockdown policies.3794
Ripple’s APAC policy director said the collapse of FTX is exactly why crypto needs to move away from “hype cycles” and toward “real utility.”7160
Brad Garlinghouse, CEO of Ripple, said the company would be interested in companies owned by FTX that serve business customers.15146
XRP investment products have seen a third consecutive week of inflows, suggesting investors may be increasingly confident of Ripple’s victory.11001
Despite a common mantra about the nonpartisan nature of crypto, there are certain correlations evident ahead of the United States elections.1824
The evidence is mounting as “friends of the court” line up in support of Ripple Labs.6735
A new NFT marketplace is giving a hard pass to optional royalties, bucking the trend and NFTs are getting a new home on Ripple’s XRPL.2469
Crypto exchange Coinbase has filed documentation asking permission to help Ripple Labs in its ongoing legal battle with the SEC.6423
Blockchain Association has filed an amicus brief, also known as “friend of the court" to stand with Ripple Labs.8385
The firm emphasized that its rather large XRP ownership is decreasing and that it only “operates 4 out of 130+ validator nodes on the XRPL.”13821
IRS broadens the classification of crypto, Ripple gets another point in a case against SEC and Hong Kong considers its own regulatory framework in opposition to China.3756
Nik Bougalis primarily worked on open-source code projects for the payments-focused XRP Ledger, with the recent push to introduce NFTs being a key implementation of note.5713
The truth will be shameful and shocking for the SEC, according to Ripple boss Brad Garlinghouse.9063
A Ripple executive said the company believes that tokenization can transform the creator economy and create new business models.2428