Instantly move money to all corners of the world
Ripple or Ripple Labs is the developer of the XRP Ledger, an open-source distributed ledger powered by a network of peer-to-peer servers. The ledger has its own native asset called XRP. XRP is designed as a bridge currency with the goal to power innovative technology across the payment space and enable seamless, real-time, final, and cost-effective global payment.
Ripple co-operates with more than 300 financial organizations through RippleNet and enables those corporations to find new customers in developing markets, improve their service efficiency, and deliver seamless payments experience. At the time of writing Ripple’s global payment network includes companies in 40 different countries and six continents.
The company, Ripple Labs was founded in 2012 as Opencoin, and renamed to its current version in 2015. Co-founders include Chris Larsen and Jed McCaleb.