The development of the XRP Ledger began in 2011, led by David Schwartz, Jed McCaleb, and Arthur Brito. Later, in 2012, these developers, joined by Chris Larsen, began creating NewCoin, which was later renamed OpenCoin, and eventually rebranded as Ripple Labs in 2013.
The XRP Ledger cryptocurrency ledger debuted in 2012, and shortly after, the original XRP cryptocurrency was fully developed and launched. However, in the same year, Jed McCaleb left the company to start a rival network known as Stellar (XLM).
In 2020, the XRPL Foundation was launched, an independent non-profit organization created to promote and accelerate the wider adoption of the XRP Ledger.
In 2019, Ripple Labs purchased a 10% stake in international remittance company MoneyGram for $50 million.