Ripple Labs, Inc. is the leading provider of crypto-enabled solutions for businesses. It is a blockchain-based digital payment network and protocol. The mission of the company is to build breakthrough crypto solutions for a world without economic borders. The global payment solutions of the firm are helping to transform how vulnerable populations, remitters, and small businesses worldwide send and receive money across borders. Previously known as Opencoin, it was renamed Ripple Labs, Inc. in 2015.
Ripple was founded by Chris Larsen and Jed McCaleb in 2012 and is located in San Francisco, California. The platform mainly focuses on payment settlement for international money and security transfers. The company’s collaborative vision and powerful innovation make them unique. Working within existing financial systems to improve, not disrupt, and providing an open-source code and developers' tools to accelerate the building of efficient and interoperable blockchain technology-further innovation across global payments and beyond. Ripple provides various types of solutions in payment protocols, for example, XRP, cryptocurrency, cross-border payments, and crypto liquidity. Ripple is also the main developer behind RippleNet, xCurrent, xRapid, and xVia.