Eventhing about ripple

Ripple is a real-time gross settlement system, currency exchange and remittance network that is open to financial institutions worldwide and was created by Ripple Labs Inc., a US-based technology company. Released in 2012, Ripple is built upon a distributed open source protocol, and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes.[2] Ripple purports to enable "secure, instantly and nearly free global financial transactions of any size with no chargebacks". The ledger employs the native cryptocurrency known as XRP.

Ripple

Original author(s)

Arthur Britto, David Schwartz, Ryan Fugger

Developer(s)

Ripple Labs Inc.

Initial release

2012

Stable release

1.0.0[1] / 15 May 2018[1]

Repository

github.com/ripple/rippled Edit this at Wikidata

Written in

C++

Operating system

Server: Linux (RHEL, CentOS, Ubuntu), Windows, macOS (development only)

Type

Real-time gross settlement, currency exchange, remittance

License

ISC license

Website

ripple.com

In December 2020, Ripple Labs and two of its executives were sued by the U.S. Securities and Exchange Commission (SEC) for selling XRP tokens, which the SEC classified as unregistered securities.[3] In July 2023, the court ruled that "XRP, as a digital token, is not in and of itself a 'contract, transaction, or scheme' that embodies the Howey requirements of an investment contract."[4]$XRP #XRPFuture