Ripple (XRP)

Crafted with  by Trade Crypto Live
Name Price Supply Volume Market Cap
42,890,708,341.00 XRP





Ripple is a cryptocurrency that trades on a public ledger. The software is developed and maintained by a company that is based in San Francisco with almost 200 full time employees.

Software is developed for global banks that allows interbank payments to take place very quickly and with numerous other advantages over conventional payment systems.

Designed to increase liquidity, lower spreads and drive payment volume through XRP, qualifying payment providers and exchanges can sign up for the following incentive programs.

Ripple 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 foreign exchange Market Making, a solution enabling enterprises to gain access to cross-currency liquidity through a distributed network that allows foreign exchange to be externally sourced from a competitive foreign exchange marketplace or an internal foreign exchange trading desk. This minimises foreign exchange exposure thereby lowering the volatility and counter-party risk of trades. Ripple Insights features industry updates, insider perspectives, and in-depth market analysis.

Anyone that needs to transfer monies across borders; I.e. telegraphic transfers, western union, etc.

XLM (Stellar)



Whitepaper Summary
Ripple has submitted multiple documents and white papers. Some focused on the business development side, such as the Ripple Solutions Guide, and the RippleNet Brochure. The company has also submitted technical white papers that go very deep into their technology, consensus algorithm and the Interledger Protocol.
Problem Solved
International payments are slow and expensive. Companies have to keep trillions of dollars distributed around the world to allow them to make domestic payments to suppliers because international payments are so slow. This is extremely expensive and inefficient.

Instead, an institution could just keep a pile of XRP. When they needed to make a payment to someone in, say, Hong Kong, they could just arrange to have someone who already has money in Hong Kong to make a domestic payment on their behalf. They would pay that person in XRP.
If they didn’t have XRP and wanted to pay someone in Hong Kong using dollars, they could just find someone in the US willing to trade XRP for their dollars and someone in Hong Kong willing to deliver funds domestically in exchange for that XRP.

This does however require a way to find such people, arrange the entire transaction, and ensure that either it all succeeds or all fails. This is what Ripple has been building.

The ultimate goal is to tie payment systems together with XRP (a settlement asset that can be transferred in a few seconds) and ILP (a protocol for discovering and coordinating transactions across multiple ledgers) so that money can move as easily as information does today.

Competitive Edge
The public ledger XRP trades on has numerous technological advantages over blockchain systems that use proof of work. This should help XRP compete against Bitcoin and Ethereum. For example: You can go from signing a transaction to having it fully confirmed in less than 10 seconds. Hundreds of transactions per second can be executed.

XRP sits in accounts, not as unspent outputs. These accounts can have properties on the ledger. So, for example, you can
change your signing key without changing your receiving address.

The ledger supports native payment channels, escrow, multi-sign, a distributed exchange, and numerous other features aimed at secure asset issuance, transfer, and storage.

History is not needed to process transactions. A server running on XRP can process and verify transactions within ten minutes of being downloaded.

The network is currently handling between 10 and 13 transactions per second most of the time, with average transaction fees equivalent to less than a tenth of a penny. The network has closed over 30 million ledgers since it was opened to the public in late 2012. More transactions (half a billion) have been performed by the XRP network than any other public ledger system.

Development Roadmap
Ripple was originally launched in 2012 and has of course seen significant progress since then. It is for this reason that the company offers no real roadmap at this time but has the overall aim of increasing the size of the RippleNet.


Did not have an ICO 
100 billion XRP were created.
20 billion XRP were retained by Creators, who were also the founders of Ripple Labs. The creators gave the remaining 80% of the total to Ripple Labs and as of March 2015, 67% of Ripple Labs’s original 80% was still retained by the company.

Ripple Labs also had a short-lived 2013 giveaway of under 200 million XRP (0.2% of all XRP) with some of the amount given to charities such as the Computing for Good initiative, which began offering XRP in exchange for time volunteered on research projects.

To alleviate concerns surrounding XRP supply, Ripple committed to place 55 billion XRP (88% of its XRP holdings) into a cryptographically-secured escrow. The escrow will allow them to use up to 1 billion monthly and return whatever is unused at the end of each month to the back of the escrow queue in the form of an additional month-long contract, starting the process all over.
The amount of XRP distributed and their movement can be tracked through the Ripple Charts website.

Pre-mined – XRP is built directly into the Ripple protocol and requires no mining.




Creators / Founders
Ryan Fugger, Jed McCaleb (left in 2013), Chris Larsen
Core Development Team

Brad Garlinghouse
Chief Executive Officer
Brad is the CEO of Ripple and a member of the Board of Directors. Prior to Ripple, Brad served as the CEO of file collaboration service Hightail. From 2009 to 2012 he was President of Consumer Applications at AOL and prior to that he held various executive positions at Yahoo! from 2003 to 2009, including Senior Vice President.

Stefan Thomas
Chief Technology Officer
Stefan Thomas is the CTO of Ripple. Stefan is also the producer of the popular “What is Bitcoin?” video and the founder of the largest website for novice Bitcoin users, He created a set of open-source Bitcoin libraries called BitcoinJS, which today are maintained and used by Bitcoin businesses of all sizes including BitPay,, Bitaddress, Coinpunk and others.

David Schwartz
Chief Cryptographer
David Schwartz is Chief Cryptographer at Ripple. David is one of the original architects of the Ripple consensus network. Prior to joining Ripple, David Schwartz was Chief Technical Officer for WebMaster Incorporated, a Santa Clara software developer. He developed encrypted cloud storage and enterprise messaging systems for organizations like CNN and the National Security Agency (NSA). Known as “JoelKatz,” he is a respected voice in the digital currency community.

Asheesh Birla
VP of Product at Ripple
He first joined in 2013 to lead the development of their product suite. Asheesh is an industry expert on blockchain and is a frequent contributor, speaker, and advisor on blockchain and cryptocurrency. Asheesh started his career as an entrepreneur 15 years ago in Silicon Valley, where he founded a content management company that he later sold to Thomson-Reuters, becoming their VP of Global Technology in 2005. After leaving Thomson-Reuters in 2010, Asheesh advised and led product design at a number of startups in Silicon Valley.

Notable Advisors

Ken Kurson is Editor in Chief at Observer Media. He wrote Esquire’s “Green” column for 17 years, focusing on personal finance, financial investment and financial technology. He also founded Green Magazine and published a book entitled The Green Magazine Guide to Personal Finance (Doubleday, 1997). Ken used these platforms to take complex financial concepts and explain them in a way that is less intimidating to the average reader. Previously, he was a financial analyst for CNNFN, an editor at large for Money and the Executive Vice President at Jamestown Associates.

Notable Investors
Ripple has a series of renowned technical investors in Silicon Valley and worldwide, including:
Google Ventures
Andreessen Horowitz
CME Ventures

Trade Crypto Live Sentiment

Ripple’s future is very promising, but comes with a lot of complications since it involves simplifying the current banking industry. With that said, the Ripple team’s development decisions are calculated and well considered. If they do manage to fully implement their platform and get on board the global financial system, they will definitely contribute to a huge leap in international banking, making it as easy as intra-country banking is today. In the crypto-community Ripple’s participation with the “evil banks” and advancing their product has caused many to dislike or even boycott the cryptocurrency. Despite these opinions, for the time being they are preparing to take their technology and partnerships further in the years to come.
Reference & Links

Ready to get started?

Get in touch, or create an account