About Ripple
How Ripple revolutionizes cross-border payments and remittances.
In 2012, Ripple Labs — a United States-based technology company — developed Ripple’s
blockchain infrastructure in response to Bitcoin technology. RippleNet, the resulting payment
network, was designed to provide banks with a faster, more cost-effective and streamlined
option for conducting cross-border transactions. RippleNet is a real-time gross settlement
system, a currency exchange and remittance network, and the company behind the XRP ledger
(XRPL), which facilitates payments through its XRP (XRP) cryptocurrency.
RippleNet represents an alternative to the SWIFT network, aiming to transform and speed up
cross-border funds transfer through blockchain technology. By removing the multiple layers
necessary for SWIFT to operate, RippleNet enables an end-to-end transfer process lasting
minutes, and provides transaction transparency and near instantaneous settlement status.
RippleNet was initially broken down into a few different offerings:
xCurrent, which is a bank-focused payment system
xRapid liquidity provider through XRP
xVia, allowing customers to connect and combine the previous two services via its application
programming service (API) — a set of tools for building application software
Ripple uses the interledger standard, a blockchain protocol for payments across different
networks connecting the ledgers of two or more banks, thereby removing intermediaries and
central control from the system. Like the internet TCP/IP protocol, which allows different
computers and systems to communicate, the interledger enables interconnected ledgers to
communicate, reducing costs and the lengthy process of existing cross-border transactions.
During the transaction process, funds are locked securely on the participating banks’ ledgers,
which act as escrow accounts until the transaction executes or fails if specific criteria are
unmet.
At that point, Ripple shares the transaction outcome with the bank, which updates its ledgers.
History of Ripple
In early 2011, computer engineers David Schwartz, Jed McCaleb and Arthur Britto became
interested in Bitcoin. Still, they were driven by creating a more sustainable system for sending
value without the mining factor. Hence, in June 2012, they launched the XRP Ledger and,
subsequently joined by angel investor Chris Larsen, started the Company NewCoin, which was
soon renamed OpenCoin — before finally settling on Ripple.
One of Ripple’s founders, Jed McCaleb, left the company in 2014 to build a similar network
called Stellar (XLM). Before leaving the company, he was given 9 billion XRP as a reward for
developing and founding the company. He later revealed that he had sold his XRP holdings.
Initially, the network included the Ripple Consensus Ledger, The Ripple Transaction Protocol,
the Ripple Network and the XRP cryptocurrency used in the Ripple ledger — which later
became the XRP Ledger. All these separate entities now converge in RippleNet, including all
products and services facilitating global financial transactions.
After the launch of the XRP Ledger, its developers offered 80 billion tokens to Ripple to support
the cryptocurrency. Ripple ensured it consistently sold XRP over time and used it to increase
liquidity and build robust XRP markets.
In 2020, the independent and nonprofit XRPL Foundation was launched to drive the growth
and adoption of the decentralized XRP ledger. It raised $6.5 million to create an XRP
Community Fund and improve the XRP Ledger infrastructure.
Grants from Ripple-backed web monetization platform Coil, Ripple, and the internet-of-value
platform Gatehub helped expand the foundation’s work and serve the growing number of
developers, and other community members, that wanted to build on the XRP Ledger.
The foundation’s work has become an essential component of the whole Ripple ecosystem,
granting support for developing a safe and successful XRP Ledger network incorporating
developers, public and private enterprises, and social initiatives.
The foundation also ensures that its list of trusted validators can create an efficient and
dynamic ecosystem with simple governance and code management in an open-source
environment in the true spirit of blockchain technology.
2004
Ryan Fugger creates RipplePay, a decentralized
digital currency exchange and payment 2012
system.
Fugger sold the business to Jed McCaleb,
2013 Arthur Britto, and David Schwartz in 2012, and
they rebranded it as OpenCoin after converting
The company was renamed Ripple Labs and
it into a network for digital currencies.
launched its first product, xCurrent, a
messaging and settlement solution that 2014
enables bank to settle cross-border payments
instantly Ripple Labs launches its second product, XRP, a
digital asset that can be used to facilitate cross-
2016 border payments and other financial
transactions.
Ripple Labs establishes the Interledger
Protocol, which enables interoperability 2017
between different payment networks and
currencies. The value of XRP, Ripple’s digital asset,
experiences a significant increase, reaching a
2018 peak of $3.84 in December.
The company launched the ODL solution to 2019
ensure low-cost and fast cross-border
payments.
2020 Ripple acquires Algrim, an Icelandic trading
firm, to expand its presence in Europe.
Ripple is sued by the U.S. Securities and
Exchange Commission (SEC) over allegations
that XRP is and unregistered security. 2021
2022 Ripple wins a key victory in the lawsuit against
Ripple Published a UK policy white paper in the SEC, as the judge grants its motion to
which it outlines its regulatory goals to compel the SEC to produce internal documents
advance the UK towards status as global related to its classification of XRP as a security.
crypto hub. 2023
Ripple Ceo expects the lawsuit to be resolved
by November.
How Ripple Is Different
Ripple is different than its major competitors Bitcoin and Litecoin in that it was created by a
private, for-profit company. When it was created, 100 billion XRP were released into the
market, with 20 billion being held by the creators and the rest being given to Ripple Labs.
Ripple Labs has since placed 55 billion XRP in an escrow account to ensure users stability in the
marketplace.
It's important to note that Ripple has been called a "Bitcoin-killer" since at least 2014, but it's
only in the last several years has gained real traction and momentum among crypto-currency
enthusiasts.
Ripple has had explosive price increases similar to other currencies, but it's still very "cheap" in
terms of price - roughly $0.30.
Right now, the biggest driver of XRP prices seem to be updates in the SEC trial.
How To Invest In Ripple
1. The first thing you need to do is sharing personal information to the company that you
are working with in order to reduce the risk of accusation for money laundering.
ElvivaInvest is a website where u can buy XRP (Ripple) - which you can easily buy on the
Web, along with Bitcoin and others. Plus, you can easily transfer US dollars in and out as
well.
2. You can popup your balance by using some of the options mentioned
✓ Moonpay
✓ Wire Transfer
✓ Banxa
✓ Simplex
✓ Guardarian
3. Agent will assist in Balance Popup and investing in this contract.
Ripple (XRP) Investment Plan
Investment of 15,000.00 USD worth of XRP will benefit for 50 % company Bonus as
Gold Class Investor to redeem 7,500.00 USD at the first stage of the investment,
and will be rewarded within 28 days with 100 % of the investment of the contract
as Ripple Contract will be Exchanged in the Global Market on the daily rate.
An investment of 22,500.00 USD as total balance will Regenerate extra profit
within 28 days a balance of 22,500.00 USD as Stacking Process.
The Closing of this investment contract are guaranteed at 96.98%
Investment funds can be secured and protected with L&T insurance by 95%
Investor and Seller Details
Investor
Full Name:
From:
Popup Balance:
Investment:
Bonus:
Overall Income:
Seller
Full Name:
From:
Role:
