Cryptocurrency Q&A
When was XRP created?
When was XRP created?
GliderPulse
Fri Jan 17 2025
|
6 answers
914
XRP, also known as Ripple Coin, was created by Ripple Labs in 2012 as a digital asset primarily designed for cross-border payments and remittances, aiming to enhance the efficiency and cost-effectiveness of traditional inter-bank transactions.
6 answers
Matteo
Sat Jan 18 2025
NewCoin, however, did not stay that name for long. The company was swiftly renamed OpenCoin, reflecting its broader ambitions and vision.
Was this helpful?
78
55
Chloe_emma_researcher
Sat Jan 18 2025
The XRP Ledger made its debut in June 2012. It marked the beginning of a new era in the cryptocurrency space.
Was this helpful?
54
30
KimonoElegant
Sat Jan 18 2025
Over time, OpenCoin evolved further. It underwent another name change, becoming Ripple. This name has stuck, and Ripple is now a well-known entity in the cryptocurrency world.
Was this helpful?
143
93
MysterylitRapture
Sat Jan 18 2025
As part of their commitment to the project, the founders of the XRPL gifted 80 billion XRP to the company. XRP is the native currency of the XRP Ledger, and this gesture underscored their belief in its potential.
Was this helpful?
258
33
Stefano
Sat Jan 18 2025
Just after its launch, Chris Larsen joined the XRP Ledger team. His involvement brought a wealth of experience and expertise to the project.
Was this helpful?
310
39
Load 5 more related questions
