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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (166324)	12/23/2020 6:06:46 PM
From: Julius Wong	Read Replies (3) \| Respond to of 219469

XRP daily chart Crypto Ripple / Dollar XRP/USD Chart Daily (finviz.com)

To: TobagoJack who wrote (166324)	12/23/2020 9:51:40 PM
From: Julius Wong	Read Replies (2) \| Respond to of 219469

Chris Larsen Founding OpenCoin (2012-2013) Main article: Ripple (payment protocol) In September 2012, Larsen co-founded the company OpenCoin, which began developing a new payment protocol called Ripple, based on a concept developed by Ryan Fugger.[8] The Ripple protocol enables the instant and direct transfer of money between two parties.[9] As such the protocol can circumnavigate the fees and wait times of the traditional correspondent banking system,[3][9] and any type of currency can be exchanged including gold, airline miles, and rupees.[25] To maintain security OpenCoin programmed Ripple to rely on a common ledger that is "managed by a network of independent validating servers that constantly compare their transaction records." Servers can belong to anyone including banks or market makers.[9] The company also created its own form of digital currency in a manner similar to Bitcoin, using the currency to allow financial institutions to transfer money with negligible fees and wait-time.[5] On May 14, 2013, OpenCoin announced that it had closed a second round of angel funding, and among their earliest investors were Andreessen Horowitz, Google Ventures, and IDG Capital Partners.[9] Ripple Labs (2013-2020) Main article: Ripple Labs External video video icon Chris Larsen interviewed about Ripple by Deirdre Bolton on Bloomberg Television's Money Moves (2014) In September 2013, OpenCoin changed its name to Ripple Labs, Inc.,[26] with Larsen remaining CEO.[27] Ripple Labs then announced that the source code for the peer-to-peer node behind the Ripple payment network was open source. Ripple Labs continued as the primary contributors of code to the consensus verification system behind Ripple, which it said could integrate with banks' IT systems.[27] In 2014 Ripple was the second-largest cryptocurrency by market capitalization, after Bitcoin.[28] Also that month, Ripple Labs was named one of the 50 Smartest Companies by MIT Technology Review.[29] Ripple Labs was then ranked No. 4 on a list by Fast Company of the World's Top 10 Most Innovative Companies Of 2015 In Money.[30] Larsen has been personally named in a group of class actions, notably Zakinov v. Ripple Labs Inc. (case number 18-6753), running since 2018 that claim Larsen and his employers, Ripple Labs Inc. have been in breach of various California and Federal securities laws.[31] en.wikipedia.org