Ripple

About

Ripple is formerly known as Opencoin, a technology company that develops the Ripple payment protocol. Through the use of blockchain and modern APIs, Ripple aims to enable financial institutions who are part of the network—RippleNet—to send money globally, instantly, reliably and for fractions of a penny. Ripple established the XRP Ledger (previously named Ripple Consensus Ledger) in 2012, a decentralized ledger built on open-source technology and supported by a network of peer nodes. Currently, XRP primarily serves as a bridge currency for Ripple's xRapid product, which facilitates the exchange of value between fiat currencies and digital asset exchanges, leveraging XRP's liquidity as a bridge currency. Ripple’s mission is to build breakthrough crypto solutions for a world without economic borders.