Ripple
Transforming Global Payments
Ripple is a leading provider of enterprise blockchain and cryptocurrency solutions for financial institutions. Founded in 2012, Ripple has revolutionized cross-border payments through innovative technology and strategic partnerships.
2012
San Francisco, CA
500+
40+ Countries
$15B+ Processed
300+ Institutions
Ripple & XRP: Understanding the Relationship
While closely associated, Ripple (the company) and XRP (the digital asset) are distinct entities with different purposes and characteristics
Key Differences
Ripple is a technology company that provides payment solutions
XRP is an independent digital asset that exists on the XRP Ledger
Ripple uses XRP in some of its products, but many Ripple products don't require XRP
Comparison at a Glance
Ripple
- For-profit technology company
- Founded in 2012
- Develops payment solutions
- Has employees and offices
- Not a cryptocurrency
XRP
- Digital asset/cryptocurrency
- Created in 2012
- Runs on XRP Ledger
- Decentralized network
- Not a company
How Ripple Uses XRP
While Ripple didn't create XRP, the company is the largest holder of XRP and uses the digital asset in its On-Demand Liquidity (ODL) solution. ODL uses XRP as a bridge currency to facilitate cross-border payments without pre-funding accounts.
"XRP is used in our product, On-Demand Liquidity (ODL), which is used by financial institutions to source liquidity in cross-border transactions by using XRP as a bridge currency."— Ripple Official Documentation
Legal Distinction
In the ongoing SEC case, the distinction between Ripple and XRP has been a central point. In July 2023, a U.S. federal judge ruled that XRP itself is not inherently a security, though Ripple's sales of XRP to institutional investors did constitute securities offerings.
Ripple's Product Suite
Enterprise blockchain solutions designed for financial institutions to move money globally
RippleNet
Global Payment Network
RippleNet connects financial institutions on a blockchain network, enabling faster, lower-cost international payments with end-to-end tracking and certainty.
Global reach across 55+ countries
Real-time settlement in seconds
End-to-end visibility and payment tracking
On-Demand Liquidity (ODL)
XRP-Powered Payments
ODL leverages XRP as a bridge currency to eliminate pre-funding requirements in cross-border payments, freeing up capital and reducing costs.
No pre-funding required in destination currencies
Instant liquidity in emerging markets
Lower operational costs by up to 40%
CBDC Platform
A private ledger solution for Central Banks to issue and manage Central Bank Digital Currencies (CBDCs).
Liquidity Hub
A turnkey solution for enterprises to source digital assets at optimized prices from market makers, exchanges, and OTC desks.
RippleX
Developer platform that provides tools, services and programs to integrate with the XRP Ledger and innovate on blockchain.
Product Comparison
| Product | Primary Use Case | Uses XRP | Target Customers |
|---|---|---|---|
| RippleNet | Global payments network | Optional (with ODL) | Banks, payment providers |
| On-Demand Liquidity | Cross-border payments | Yes | Financial institutions |
| CBDC Platform | Digital currency issuance | No | Central banks |
| Liquidity Hub | Digital asset trading | Supports XRP & others | Enterprises, institutions |
| RippleX | Developer platform | Yes | Developers, startups |
Executive Leadership Team
Meet the visionaries leading Ripple's mission to transform global payments
Brad Garlinghouse
Chief Executive Officer
Brad Garlinghouse is the CEO of Ripple and a member of the Board of Directors. Prior to Ripple, Brad served as the CEO of Hightail, was President of Consumer Applications at AOL, and held various executive positions at Yahoo!.
Education
MBA from Harvard Business School, BA from University of Kansas
Joined Ripple
2015
David Schwartz
Chief Technology Officer
David Schwartz is the CTO at Ripple. He is one of the original architects of the XRP Ledger. Prior to joining Ripple, David was Chief Technical Officer for WebMaster Incorporated, and developed encrypted cloud storage and enterprise messaging systems for organizations like CNN and NSA.
Education
BS in Computer Science from University of Houston
Joined Ripple
2011
Kristina Campbell
Chief Financial Officer
Kristina Campbell is the CFO of Ripple. Before joining Ripple, Kristina was CFO at PayNearMe and held various positions at Green Dot Corporation, including CFO and COO of Green Dot Bank.
Education
MBA from Harvard Business School, BA from Stanford University
Joined Ripple
2021
Monica Long
President
Monica Long is the President of Ripple. She joined Ripple in 2013 and has served in various leadership roles, including SVP of Marketing and Communications and GM of RippleX. Prior to Ripple, Monica led communications for PayNearMe.
Education
BA in Journalism from University of North Carolina at Chapel Hill
Joined Ripple
2013
Stuart Alderoty
Chief Legal Officer
Stuart Alderoty is the Chief Legal Officer at Ripple. He oversees all legal work including litigation, global legal policy, and regulatory relations. Prior to Ripple, Stuart served as General Counsel at CIT Group, HSBC, and American Express.
Education
JD from Rutgers University School of Law, BA from Rutgers University
Joined Ripple
2019
Asheesh Birla
SVP of Product & Corporate Development
Asheesh Birla is the SVP of Product and Corporate Development at Ripple. He leads the product management, corporate development, and engineering teams. Prior to Ripple, Asheesh was VP of Products at Trio Development and co-founder of TapFactory.
Education
MBA from The Wharton School, BS in Information Systems from University of Michigan
Joined Ripple
2013
Ripple Timeline
Key milestones in Ripple's journey from startup to global fintech leader
Company Founded
Ripple was founded as OpenCoin by Chris Larsen and Jed McCaleb.
Renamed to Ripple Labs
OpenCoin rebranded to Ripple Labs, Inc.
First Major Bank Partnerships
Fidor Bank and Cross River Bank become first banks to use Ripple protocol.
Brad Garlinghouse Joins
Brad Garlinghouse joins Ripple as COO, later becoming CEO in 2016.
Banking License in New York
Ripple received BitLicense from NY State Department of Financial Services.
XRP Price Surge
XRP price increased by over 36,000% during the year.
Launch of xRapid (now ODL)
Ripple launched xRapid, later renamed to On-Demand Liquidity (ODL).
Strategic Partnership with MoneyGram
Ripple entered a strategic partnership with MoneyGram, including a $50M investment.
SEC Lawsuit Filed
The SEC filed a lawsuit against Ripple, alleging XRP is a security.
ODL Expansion
ODL payment volume exceeded $2 billion in transactions.
Ripple Liquidity Hub Launch
Ripple launched Liquidity Hub for enterprises to access crypto markets.
Partial Victory in SEC Case
Judge rules XRP is not inherently a security in programmatic sales.
Global Expansion Continues
Ripple continues expanding ODL corridors globally with focus on APAC and LATAM regions.
Future Roadmap
Continued focus on institutional crypto adoption and CBDC solutions.
Years in operation
Financial institutions
Countries with presence
Transaction volume
Global Partner Network
Ripple works with 300+ financial institutions worldwide to transform global payments
Banks
Commercial and retail banks using Ripple's technology for faster, more efficient cross-border payments.
Santander
Global banking leader
SBI Holdings
Japanese financial services
Bank of America
Strategic partnership
MUFG
Japanese banking giant
Payment Providers
Payment service providers leveraging Ripple's ODL for instant, low-cost international transfers.
Azimo
European money transfer
Novatti
Australian payments firm
Tranglo
Asian payment hub
Nium
Global payments platform
Central Banks
Central banks exploring Ripple's CBDC solutions for digital currency issuance and management.
Bhutan
Royal Monetary Authority
Palau
Digital currency strategy
Montenegro
CBDC pilot program
Digital Dollar Project
CBDC exploration
Fintechs
Innovative fintech companies building on Ripple's technology for next-generation financial services.
Modulr
Payments as a service
Currencycloud
B2B payments platform
Pyypl
Middle East fintech
Lulu Financial
UAE exchange company
Regional Distribution
North America
25% of partners
Europe
30% of partners
Asia-Pacific
35% of partners
Middle East & Africa
10% of partners
Partner Success Metrics
Average cost savings on international transfers
Average settlement time (vs. 3-5 days traditional)
Partner retention rate
Technology Innovation
Ripple's cutting-edge blockchain technology powers the future of global payments
Lightning Fast
Transactions settle in 3-5 seconds, compared to traditional banking which can take days.
Settlement Time: 3-5 seconds
Cost Effective
Reduce cross-border payment costs by up to 60% compared to traditional correspondent banking.
Cost Reduction: Up to 60%
Enterprise Security
Bank-grade security with regulatory compliance built into every transaction.
Security: Bank-Grade