Key events and management $XRP

XRP is the native asset of the XRP ledger, a blockchain originally developed in 2011 by developers Arthur Britto, Jed McCaleb and David Schwartz.

The protocol was officially launched in 2012, and soon after that, the team formed a new company called OpenCoin that was led by Chris Larsen who joined as CEO. The following year, the company changed its name to Ripple Labs before shortening it, for marketing purposes, to Ripple in 2015.

Ripple and XRP are two distinct entities. Ripple is a fintech company that builds global payment systems, while XRP is an independent digital asset that can be used by anyone for a variety of reasons including to send remittances or make online payments.

Former Yahoo executive Brad Garlinghouse was appointed as Ripple’s first chief operating officer in 2015. A year later, Garlinghouse was promoted to the role of CEO.

In 2020, Ripple was charged by the U.S. Securities and Exchange Commission on the grounds that the company illegally raised $1.38 billion in unregistered securities offerings. The case has yet to reach a conclusion.#crypto2023 #cryptonews #Binance