Ripple Labs

15 examples (0.03 sec)
  • Info The company Ripple Labs is the creator and a developer of the Ripple payment protocol and exchange network.
  • Ripple Labs launched a developer portal designed to bring together tools and resources for the developer community.
  • Individuals who join the Ripple Labs team and donate their spare processing power are rewarded with XRP.
  • Ripple supporters feel this is especially true as Ripple Labs charges no fees and has no revenue streams to finance its support and promotion of the network.
  • Ripple is a payment system, currency exchange and remittance network by Ripple Labs.
  • These funds are intended to pay for Ripple Labs' future operations, which include contributing code to the open source network, promoting the network, creating SDKs and building free consumer applications.
  • The recognition pertains to Ripple Labs work in creating Ripple, an open-source, distributed payment protocol powering a new global value web.
  • Ripple Labs will retain the remaining 25 billion.
  • The remaining 80 billion were given to Ripple Labs.
  • In cooperation with other industry leaders, Ripple Labs became a co-founding member of the Digital Asset Transfer Authority (DATA) in July 2013.
  • Ripple Labs developed and released an iOS client app for the iPhone, available in Apple's App Store, that allows iPhone users to send and receive any currency via their phone.
  • Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners.
  • Of the 80 billion XRP that Ripple Labs was gifted, it is retaining 25 billion.
  • Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.
  • Though the network facilitates the use of any electronic value holder, others in the crypto-currency space are quick to point out that XRP are "pre-mined" and that the founders retained 20% and Ripple Labs retained 25% of them while selling the majority of the remaining 55%.
  • For its creation and development of the ripple protocol (RTXP) and the Ripple payment/exchange network, the Massachusetts Institute of Technology (MIT) recognized Ripple Labs as one of 2014's 50 Smartest Companies in the February 2014 edition of MIT Technology Review.