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Ripple Labs was a co-founding member of the Digital Asset Transfer Authority (DATA) in July 2013. DATA provides best practices and technical standards, including anti-money laundering compliance guidance for companies that work with digital currency and other alternative payments systems. [3] In 2018 Ripple donated a quantity of XRP valued at ...
The open-source project was originally called "Ripple", the unique consensus ledger was called the Ripple Consensus Ledger, the transaction protocol was called the Ripple Transaction Protocol or RTXP and the digital asset (known as "ripples") using XRP as the three-letter currency code to follow the naming convention of BTC for Bitcoin.
Ripple (XRP) is a real-time gross settlement (RTGS) system, which is a specialist money transfer network, currency exchange and remittance network. It was created by Ripple Labs Inc., which is a U ...
In 2014 Ripple was the second-largest cryptocurrency by market capitalization, after Bitcoin. [28] Also that month, Ripple Labs was named one of the 50 Smartest Companies by MIT Technology Review. [29] Ripple Labs was then ranked No. 4 on a list by Fast Company of the World's Top 10 Most Innovative Companies Of 2015 In Money. [30]
Ripple Labs Inc. describes itself as a “payment solutions company.” Today, it is primarily focused on facilitating cross-border cryptocurrency payments and cryptocurrency liquidity, ...
Ripple Lab's XRP was up over 28% as of 10:15 a.m. ET on Friday. After topping the $1 mark for the first time in three years earlier this week, it reached as high as $1.49 before paring some gains.
Bradley Kent Garlinghouse (born February 4, 1971) is an American business executive and the CEO of Ripple Labs, a financial technology company specializing in blockchain and cryptocurrency solutions. Previously, he served as CEO and chairman of Hightail (formerly YouSendIt ) and earlier in his career, he held executive roles at AOL and Yahoo!
Unsealed documents from 2012 deliver for strength to Ripple Lab’s defense. A return to $1.00 levels remains elusive for now, however.