XRP (XRP Ledger)

XRP Launched 2012 source

What this page is: neutral, sourced facts about XRP (XRP Ledger). Every line links where it was checked. 11 facts, 7 from primary sources. Educational, not financial advice.

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Launch

The XRP Ledger first launched in June 2012. primary source source

Founders and creators

David Schwartz, Jed McCaleb and Arthur Britto launched the XRP Ledger; with Chris Larsen they founded the company now known as Ripple. primary source source

Origin story

In May 2018, Spanish Banking group Santander released One Pay FX — the first mobile application for international payments powered by blockchain technology, that uses Ripple's xCurrent technology. secondary source source

Stated purpose

XRPL's founders, fascinated by Bitcoin, set out to create a better version: a digital asset that was more sustainable and built specifically for payments. primary source source

Consensus mechanism

The XRPL uses a unique Federated Consensus mechanism as its method of validating transactions. secondary source source

Supply model

A small amount of XRP is burned during every transaction to protect the network from spam. secondary source source

Main uses today

Has a built-in decentralized exchange (DEX) and custom tokenization. secondary source source

Key milestones

Chris Larsen joined the XRPL founders and the group started the company NewCoin in September 2012, quickly renamed OpenCoin and now named Ripple. primary source source

Notable events and controversies

SEC v. Ripple Labs filed Dec. 22, 2020. primary source source
Aug. 7, 2025: SEC and Ripple dismissed their appeals; final judgment with a $125,035,150 civil penalty remains in effect. primary source source
The SEC charged Ripple and two executives, alleging they raised over $1.3 billion through an unregistered digital asset securities offering beginning in 2013. primary source source

Sources & studies

Last checked: 2026-11-04 · Prices, market caps and circulating supply are left out on purpose because they change by the minute. Educational, not financial advice.

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