XRP (XRP)

XRP (XRP)

Rank #7

$0.332902

2.04%

0.000016 BTC

XRP
USD

MARKET CAP

$16.094B

ALL TIME HIGH

$3.84

VOLUME 24H

$1.101B

CIRC. SUPPLY

48.343B

VOL/MCAP

7.00%

TOTAL SUPPLY

99.99B

DILUTED MCAP

$33.302B

MAX SUPPLY

100B

1H USD

0.14%

24H USD

2.04%

7D USD

1.99%

30D USD

0%

60D USD

0%

90D USD

0%

Tag:

medium-of-exchangeenterprise-solutionsbinance-chainarrington-xrp-capital-portfolioView all

XRP Price Chart

24h Change

2.04 %

XRP - XRP Profiles

XRP, which was first introduced in 2012, has grown to become one of the world’s major cryptocurrencies.

 

What is Ripple?

Ripple is a payment system that processes international money transfers via the use of blockchain technology. It is financial system that functions as both a cryptocurrency ($XRP) and a digital payment network. Known for charging cheap transaction costs and completing transactions in record speed, and it has worked with hundreds of financial institutions that have used its technology. The company’s primary process is a payment settlement asset exchange and remittance system, comparable to the SWIFT system for international money and security transfers, which banks and financial intermediaries utilize when transacting in multiple currencies.

Ripple runs on an open-source, peer-to-peer decentralized infrastructure that enables the frictionless movement of money in any currency, including dollars, yen, euros, and cryptocurrencies such as litecoin and bitcoin.

Rather of using typical blockchain mining techniques, the Ripple network employs a novel distributed consensus mechanism, to validate transactions, participating nodes conduct a poll to determine the transaction’s legitimacy. This occurs nearly instantly, allowing for rapid confirmations in the lack of a central authority. Transactions consume less energy than bitcoin transactions, are confirmed in seconds, and are extremely inexpensive, whereas bitcoin transactions consume more energy, take longer to confirm, and have higher transaction fees.

History of Ripple

Jed McCaleb, an American programmer and entrepreneur who dropped out of UC Berkeley, came up with the idea for Ripple in 2011. He started his company, called OpenCoin, in 2012. He had already made Mt. Gox, which was supposed to be a place where Magic: The Gathering cards could be traded, but it turned out to be a very important and very bad place to buy and sell bitcoins. McCaleb had Arthur Britto and David Schwartz, two of his co-developers, help him build Ripple. As a result, Britto and Schwartz had Ryan Fugger bring their idea to life, as Fugger turned his OpenCoin system into Ripple

Over 100 banks had agreed to use Ripple by 2018. Most used the infrastructure’s messaging features rather than the XRP cryptocurrency itself. The firm filed a class-action lawsuit against itself because it sold XRP tokens without having to register them. This meant that they made millions of dollars from the sales. According to the Securities and Exchange Commission (SEC), Ripple’s leadership allowed the sale of unregistered securities. In 2020, as part of its legal case against Ripple, the SEC said that the company was selling unregistered securities

There was a big rise in the value of XRP in April 2021, even though the U.S. was accusing Ripple of raising more than one billion dollars by selling XRP on allegedly unregistered securities selling.

XRP token

At its commencement, 100 billion XRP units were generated, an official figure that will neither rise or decrease in accordance with the protocol. The XRP inventors provided the corporation with 80% of all XRP, while retaining 20% for themselves. This feature of XRP is one of the reasons banks and corporations have embraced the digital currency; there is no mining process to mint new units of XRP due to its centralization

XRP’s primary use is as a bridge currency. When money is converted in traditional settlement procedures, the USD is used as the common currency. XRP was created with the goal of eventually displacing the USD as the preferred settlement currency for financial organizations. By initially converting the value of a fiat currency to the digital XRP, rather than USD, exchange rate costs and margins may be avoided, while processing times can be shortened. You can purchase XRP as an investment, a coin to swap for other cryptocurrencies, or a way of funding Ripple network transactions

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People

We found 4 people related to xrp-xrp, include Jed McCaleb

Organizations

We found 1 organizations related to XRP has Ripple

Ripple

Ripple

1979
Cupertino, California, United States
About

Ripple provides one frictionless experience to send money globally using the power of blockchain. It offers a global real-time payment system that enables banks and financial institutions around the world to directly transact with each other without the need for a central correspondent. The company also offers FX Market Making, a solution enablingenterprises to gain access to cross-currency liquidity through a distributed network that allows foreign exchange to be externally sourced from a competitive FX marketplace or an internal FX trading desk. This minimizes FX exposure thereby lowering the volatility and counter-party risk of trades. Ripple Insights features industry updates, insider perspectives, and in-depth market analysis.

Highlight

Funding Rounds:

10

Total Funding Amount:

$ 347.1M

Individuals Investors:

0

Organizations Investors:

17

Funding Rounds

Ripple has raised a total of $347.1M in funding over 10 rounds. Their latest funding was raised on April 3, 2020 from a Secondary Market - Ripple round.

Announced Date
Transaction Name
Number of Investors
Money Raised
Lead Investors
April 3, 2020
Secondary Market - Ripple
1
December 20, 2019
Series C - Ripple
3
$200M
Tetragon Financial Group Limited
May 12, 2017
Corporate Round - Ripple
$200K
April 30, 2017
Secondary Market - Ripple
2
September 15, 2016
Series B - Ripple
12
$55M
SBI Investment
September 15, 2016
Series B - Ripple
12
$55M
SBI Investment
October 6, 2015
Series A - Ripple
4
$4M
Mouro Capital
May 19, 2015
Series A - Ripple
13
$28M
IDG Capital
November 12, 2013
Seed Round - Ripple
4
$3.5M
Core Innovation Capital
May 14, 2013
Seed Round - Ripple
4
$1.4M
-
Investors

Organizations

XRP Price Live Data

XRP Price

$0.332902

Trading Volume

$1.10 B

All Time High

$3.84

1hour Change

0.14%

24hours Change

2.04%

24hours Range

2.16%

24hours Low

$0.74

24hours High

$0.90

Liquidity ±2%

$97,726,043.10 B

Bids -2%

$97.73 M

Asks +2%

$100.02 M

Market Cap

$16.09 B

Fully Diluted Market Cap

33.29 B

Circulating Supply

48.34 B

Total Supply

99.99 B

Max Supply

100.00 B

XRP Markets

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