Ripple

RipplePay was founded in 2004 in Vancouver, Canada by Ryan Fugger as a secure method for global money transfer.

On June 1, 2012, XRP was founded.

In August 2012, Ripple released XRP, a digital asset that can be used as a bridge currency for global payments.

On June 1, 2013, OpenCoin was rebranded to Ripple Labs.

A year later, in January 2014, the price of Ripple increased by 454% within 33 days, indicating another major price jump for the cryptocurrency.

In October 2015, Ripple Lab was rebranded to Ripple.

In March 2016, Ripple further expanded its global reach by opening offices in London, demonstrating its commitment to growth and development in the European market.

In June 2016, Ripple continued its expansion in Europe by opening offices in Luxembourg, further solidifying its presence in the region.

In September 2016, Ripple's GPSG was launched as an interbank group for global payments system, aiming to oversee the creation and maintenance of Ripple payment transaction rules and promote the implementation of Ripple payment capabilities.

On March 4, 2017, Ripple added new features, Escrow and Payment Channels, to increase the performance and scalability of The Ripple Consensus Ledger (RCL), providing faster and cheaper cross-border payment experiences.

In December 2017, Ripple confirmed the completion of the lockup of 55 billion XRP.

On January 6, 2018, Ripple reached its all-time high (ATH) with the XRP price rising to $3.40 from under one cent, but this surge was short-lived.

In December 2019, Ripple was estimated to be worth as much as USD10 billion, although the exact financial details were not disclosed due to its status as a private company.

In September 2020, the XRPL Foundation received an initial donation to fund its work in service of developers and community members building on XRP.

In December 2020, SEC charged Ripple and two executives with conducting a $1.3 billion unregistered securities offering.

In November 2021, Ripple made good progress in its legal feud with the U.S. Securities and Exchange Commission.

In November 2022, XRP launched its own NFT ecosystem.

In December 2022, Ripple and the U.S. Securities and Exchange Commission accused one another of stretching the law, as they argued for a ruling on whether XRP is a security.

On July 1, 2023, Ripple Labs scored a victory in the United States District Court as Judge Analisa Torres ruled partially in favor of the company.

The price of Ripple, also known as XRP, was 0.61 U.S. dollars on March 21, 2024. The price surged in 2021 but declined significantly in 2022. The legal complaint filed against Ripple by the US SEC in November 2020 caused a sharp drop in the XRP price.