Ripple
XRP
Blockchain-based enterprise cross-border payment network
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| 1h | 24h | 7d | 30d | 60d | 90d |
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| 0.35% | 2.71% | 2.39% | 1.27% | 23.46% | 7.72% |
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Fundraising not disclosed
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Details
This content is generated by RD AI and is for reference only
Ripple is a fintech company that builds RippleNet, a blockchain-based global payment network. Its core product is a cross-border settlement solution that leverages its native digital asset, XRP, as a bridge currency to address issues in the traditional correspondent banking model, such as pre-funded capital, slow settlement, and high costs. RippleNet employs its proprietary RPCA consensus algorithm, where trusted validator nodes (UNL) confirm transactions within seconds, enabling near-real-time clearing. The network allows banks and payment institutions to connect directly or via API to process cross-border transfers between fiat currencies and supports the issuance and exchange of tokenized assets.
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About Ripple
Ripple is a global payments network that uses blockchain technology to enable faster, cheaper cross-border transactions. Its core business includes Ripple Payments (a real-time settlement system for financial institutions), custody services for digital assets, and its own stablecoin RLUSD. The company positions itself as a bridge between traditional finance (TradFi) and decentralized finance (DeFi), allowing banks to integrate blockchain without replacing their existing infrastructure.
The main pain point Ripple addresses is the inefficiency of the traditional SWIFT system, which can take days to settle cross-border payments, involves high fees, and lacks transparency. Ripple's solutions settle transactions in seconds to minutes, operate 24/7, and reduce costs. Its competitive edge lies in regulatory compliance (holding over 75 licenses globally) and interoperability with existing financial messaging standards like ISO 20022, making it easier for banks to adopt.
In the past six months (February to August 2026), Ripple has expanded its institutional footprint. Key developments include Jeonbuk Bank in South Korea deploying Ripple Payments for cross-border remittances, replacing slower SWIFT transfers. RLUSD, the company's stablecoin, saw its market cap exceed $2 billion and grew eightfold since its December 2024 launch. Ripple also launched the Ripple Mint platform for institutional issuance and redemption of RLUSD, integrated with Mastercard settlement, and expanded into Japan, Turkey, and Africa via partnerships with Bitso and Flutterwave.
However, the period also saw negative news: XRP's price fell below $1 in August 2026, down about 73% from its July 2025 peak of $3.65, testing multi-year support levels. This decline occurred despite positive partnership announcements, highlighting a disconnect between institutional adoption and market performance.
Ripple has evolved from a cross-border payment network into a full-stack digital asset infrastructure provider. Key milestones include: 2012 founding and XRP Ledger launch; 2020 SEC lawsuit creating regulatory clarity for the industry; 2023 partial court victory distinguishing programmatic from institutional XRP sales; 2025 formal settlement ending all litigation; 2025 MiCA CASP authorization enabling crypto services across 30 EEA countries; Luxembourg license pre-approval strengthening European compliance; RLUSD stablecoin advancements across payments, exchanges, and cross-chain infrastructure; strategic investment in Flutterwave at $3.3B valuation expanding African payment reach; Jeonbuk Bank deploying Ripple Payments as SWIFT alternative in South Korea; and active advocacy for the CLARITY Act to establish comprehensive US market structure, with Ripple executives meeting Commerce Secretary and urging Senate support. The 2026 launch of Ripple Prime's Delta One business marks entry into US equity derivatives, bridging traditional and digital assets. Ripple's journey reflects persistent regulatory engagement, geographic expansion, and product diversification from payments into stablecoins, custody, and institutional trading infrastructure.
Ripple's co-founder and Executive Chairman is Chris Larsen. Key executives include CEO Brad Garlinghouse, President Monica Long, CFO Jon Bilich, SVP Strategic Initiatives Eric van Miltenburg, SVP Corporate Marketing & Communications Kiersten Hollars, SVP Corporate Business Development Eric Jeck, Chief Legal Officer Stuart Alderoty, SVP People & Places Mariel Kelley, SVP Global Services Don Steul, SVP Stablecoin Jack McDonald, Managing Director APAC Fiona Murray, Managing Director MENA Reece Merrick, VP Bhanu Kohli, Managing Director LATAM Silvio Pegado, and Director of LATAM Public Policy Maria Isabel Carvalho Sica Longhi. All are current leaders per official sources.
Daniela Diaz joined Ripple in May 2026 as an Operations role. She brings over 6 years of experience, having previously worked in VC Operations at Arrington Capital and as Production Director at MULTZ Agency. Ripple recently opened a regional headquarters in Dubai to expand its team and strengthen regulated payment services. Daniela's addition will support Ripple's operations and growth.