Knowledge Base - Ripple
Ripple is an open-source payment network protocol based on an idea by web developer Ryan Fugger, businessman Chris Larsen, and programmer Jed McCaleb. It is being further developed by Ripple Labs. In its final stage of development, Ripple is intended to be a distributed peer-to-peer payment method as well as a foreign exchange market. The Ripple network supports any currency (dollar, euro, yen, bitcoin, etc.). In December 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, alleging that the company, which is associated with the cryptocurrency XRP, took $1.3 billion with the help of an unregistered securities offering. (Source: Wikipedia)
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2022-09-10 added
