2019 XRP Yearly report

With 2019 over, it’s always insightful to go back and look at past events and news. Even though the price did not reflect that, 2019 was a year filled with positive news, growth of the XRP ecosystem and foundation building from Ripple.

As a thank you towards XRParcade patrons, we will be releasing the report early for them. Patrons will be able to give us feedback and watch as the report is being finalized. If you want to become a patron and support us, click here.

We would also like to thank XRP the Standard Productions (@XRP_Productions on twitter) for always supporting XRParcade and sponsoring this report. XRP the Standard Productions is also a content creator, writing satirical articles on Coil and creating informative videos on YouTube.

Before we begin, we would like to remind you that this report does not constitute financial advice. This is a presentation of a series of events and its purpose is to inform and entertain.

We begin this report by taking a sneak peek at all important developments. Please be patient with the loading time, the amount of information is extremely large. If you want to skip to the end (the analysis part), click here. Clicking on each month will open the events that occurred during that month.


January 1, 2019:

• CoinZeus, an exchange based in Seychelles, launched. XRP listed with BTC and ETH pairs. Later removed ETH pair and added XRP/KRW (South Korean won).

January 2, 2019:

• Coinmetro exchange lists XRP with EUR pair.

January 3, 2019:

• Bitrue adds 5 more XRP-based pairs: TRX/XRP, XLM/XRP, NEO/XRP, GAS/XRP, OMG/XRP.

January 4, 2019:

• Bitrue adds one more XRP-based pair: BEE/XRP.

• Hodl Finance, a European digital lending company based in Lithuania, adds XRP to its supported crypto assets (BTC, ETH).

January 6, 2019:

• Kuwait Finance House starts operating an instant cross-border remittance service using Ripple’s blockchain technology. The zero fees “Instant International Transfer” service is available in Saudi Riyal SAR where customers can make remittance transactions to beneficiaries at Al Rajhi Bank.

January 7, 2019:

• Good exchange, an exchange based in Singapore, launched. XRP listed with BTC, ETH and USDT pairs.

• DX.Exchange goes live. XRP listed from the beginning with BTC, ETH, EUR, JPY and USD pairs. Ceased operating exactly 10 months later…

January 8, 2019:

• Canadian exchange CCX makes XRP a base currency with BTC and ETH pairs.

• 1xBIT adds XRP to its gambling platform.

• Ripple announces 13 new customers and surpasses 200 customers worldwide.
New customers:
– Euro Exim Bank (Bank): UK
– SendFriend (Money transfer): US, Philippines
– JNFX (Trading): UK
– FTCS (Payments): Sweden, Scandinavia (Rebranded to Intergiro)
– Ahli Bank of Kuwait ABK (Bank): Kuwait, Egypt, UAE
– Transpaygo (Money transfer): UK, Austria
– BFC (Money transfer): Bahrain
– ConnectPay (Payments): US
– GMT (Payments): Israel
– WorldCom Finance (Money Transfer): Israel
– Olympia Trust Company (Trust): Canada
– Pontual/USEND (Money Transfer): US, Brazil
– Rendimento (Bank): Brazil
JNFX, SendFriend, Transpaygo, FTCS (Intergiro) and Euro Exim Bank will leverage the digital asset XRP to source liquidity on-demand when sending payments on behalf of their customers.
• XRP can now be received by WordPress users through Bitvolo plugins.
• Crypto Exchange Huobi relaunches trading services in Japan. XRP is available in pairs with JPY and BTC.

January 9, 2019:

• XRP is listed on the GBXDAX (Gibraltar Blockchain Exchange), the world’s first regulated and insured Digital Asset Exchange, owned by an EU Stock Exchange, with USD, EUR, GBP, BTC and ETH pairs. By September, however, GBX delisted many crypto assets, including XRP.

• BankCEX exchange adds XRP with BTC, ETH, BANK and USDT pairs.

• Emi Yoshikawa, Senior Director of Joint Venture Partnerships at Ripple, sits down with Wayne Doiguchi, Board Director of California Bank of Commerce, to talk about her experience managing joint ventures and blockchain business development throughout Asia.

Ripple Executive Discusses Blockchain with SVJP

January 10, 2019:

• HuobiWallet (a crypto wallet developed by HuobiGlobal) now supports XRP.
• Bittrex opens OTC desk. Allows the purchase of BTC, USDT, XRP, LTC, ETH, and many other crypto assets through OTC trading.

January 11, 2019:

• Bitrue adds 4 more XRP-based pairs: HOT/XRP, NPXS/XRP, DNT/XRP, PRO/XRP.

January 17, 2019:

• XRP added on Korean exchange Bitzon with BTC and USDT pairs.

• MercuryFX makes its largest payments across RippleNet using XRP. 86,633 pesos (£3,521.67) from the U.K. to Mexico in seconds. UK-based Mustard Foods saved £79.17 and 31 hours on the transaction.

• Ripple partners with Chinese Tsinghua University to Launch the Blockchain Technology Research Scholarship Program.

January 18, 2019:

• Bitrue adds EOS/XRP, XEM/XRP and POLY/XRP trading pairs.

January 21, 2019:

• Australian exchange BTCExa has announced the addition of SHEEP. SHEEP has now become the 3rd XRP based pair on this exchange, after XLM and ADA.

• Koinex replaces BTC, ETH and XRP base markets with TUSD. 23 XRP based markets replaced with TUSD market. On June 27th, Koinex ceased all operations.

January 22, 2019:

• Brad Garlinghouse speaks at Davos: “The Future of Payments, Oceans and Crypto”.

January 23, 2019:

Freewallet, a digital currency wallet with a built-in exchange for web, iOS and Android devices, has announced that it now supports XRP.
• Binance announces the launch of a crypto-to-crypto over-the-counter (OTC) trading desk.

January 24, 2019:

• Moontrade, a startup OTC Crypto Exchange to buy and sell both BTC and ETH, announces that XRP is now fully available on their platform for OTC trading.
• XRP/TRY added on new Turkish exchange BtcFinans .
• Ripple’s Q4 2018 XRP Markets Report is published.

January 25, 2019:

• New Ripple partner: SABB is one of the three banks approved by the central bank to test connections with Ripple for instant settlement of crossborder transfers using blockchain technology.
• Austrac registered exchange Infinite goes live. XRP listed with AUD, BTC and ETH pairs. Today, the exchange’s website doesn’t seem to be operational.

January 28, 2019:

• Bitrue adds VET/XRP trading pair.

January 29, 2019:

• RIGHTS, a Global Entertainment Platform demo is released – XRP wil be used to purchase digital money.


January 30, 2019:

• XRP listed on Estonia based exchange Kriptomat and available to be bought with EUR.

• BitBill, an open source blockchain wallet founded in 2013, has released BitBill 3.3 for Android. With this latest version, XRP, XLM, BSV and ZEC support has been added.

• Brad Garlinghouse panel at the Paris Fintech Forum with Gottfried Leibbrandt, CEO, SWIFT: “Let’s send the money!”

January 31, 2019:

• BISON, a crypto trading app powered by Börse Stuttgart, Germany’s leading exchange for retail investors, goes live. Initially, BTC, ETH, LTC and XRP can be traded with EUR.
• Swyftx, an Australian cryptocurrency exchange, has officially gone live. XRP can be bought and sold with AUD.

February 1, 2019:

• Coingate, a payment gateway for blockchain payments based in Lithuania, added native XRP support for Coingate customers. XRP is now accepted as a payment method at thousands of vendors across the Net.


By June, XRP became a popular payment currency on CoinGate.

By August, it accounted for 3.09% of all payments through CoinGate.

And some more recent statistics here:

February 2, 2019:

• Australian exchange BTCExa adds TRX/XRP pair.

February 5, 2019:

• Xpring invests in RISE (Raised in Space), an investment group guiding extraordinary founders in creating innovative solutions for the music industry. Raised In Space will leverage its partnership with Ripple’s Xpring to integrate blockchain and the digital asset XRP where it can most powerfully benefit and impact the music industry.
• Dharma Labs secures $7 million by 7 companies, including Ripple’s Xpring fund, to build Dharma Lever. Dharma Lever is a solution enabling loans for traders and large crypto holders. Dharma Level promises it will work directly from a trader’s wallet, without the need for a special extension, providing instant margin loans for cryptocurrency traders and high-volume investors.
• Blockscart, a P2P marketplace, adds XRP as a method of payment. Currently, the website doesn’t seem to be operational.

• Ripple UK regionals.

Eva Kaili (Member of European Parliament)

Alastair Constance (Mercury FX)

Graham Bright (Euro Exim Bank)

February 6, 2019:

• Navin Gupta interview on The Asian Banker.

February 7, 2019:

• Ripple’s University Blockchain Research Initiative grows with 11 new universities.
• Brazilian exchange BitcoinTrade announced the addition of XRP trading on its platform, with Brazilian real (BRL) pair.
• Payment Earth completes its first XOF deal via Ripple! They now deliver international payments via Swift, Sepa, and Blockchain.


• CoinPulse exchange headed for indefinite maintenance. 3 XRP pairs no longer tradable.

February 10, 2019:

• Finablr announced that its brands “UAE Exchange and Unimoni will partner with US startup Ripple to offer cross-border remittances to Thailand via blockchain“. Finablr partnered with Siam Commercial Bank, one of the largest banks in Thailand (and also a Ripple partner), to provide the service on RippleNet. It plans to expand the service to other countries.

February 12, 2019:

• CCX, an exchange based in Canada that made XRP a base currency in early 2019, has added one more XRP-based pair TRX/XRP.
• BTCEXA, an exchanged based in Australia that offers XRP/USDT trading along with 4 XRP based pairs (ADA, SHEEP, XLM and TRX) has added XRP/BTC pair.
• Digycode, the prepaid cryptocurrency recharge service offered by Digital Service, is now offering the purchase of BTC, ETH, LTC, XRP and DASH all across France. Users can buy refills of €20, €50 and €200 at 10,000 tobacco offices and after a brief identity check convert it into crypto.


February 13, 2019:

• Bitrue adds BTT/XRP pair.
• Xpring invests in XRPL Labs, a Dutch Limited Company registered at the Dutch Chamber of Commerce. The company’s goal is to “develop applications for the XRP ledger”.

February 14, 2019:

• Liechtenstein’s postal service offering BTC at the counter. Will extend service to XRP and other crypto. Service was indeed extended to include XRP on May 15.


• Bank Dhofar, a known Ripple partner, is taking its Ripple partnership to the next level by extending Ripplenet to its mobile app.

February 15, 2019:

• XRP gets its first pair to the Iranian rial (IRR) through its Nobitex listing. IRR becomes the 44th fiat currency to be tradable with XRP.
• Australian consumers to spend XRP at one million locations and withdraw money at 30,000 ATMs through MyCryptoCard and MyCryptoWallet.
• ChainFront, an API as a service company with a mission to help developers create useable, scalable, and secure blockchain applications, enabled support for XRP and ETH.

February 16, 2019:

• BTCEXA adds 2 more XRP based pairs: ETH/XRP and LTC/XRP.

February 18, 2019:

• Instimatch Global, a Corda/Ripple solution coupled with the latest settlement API (R3 Settler/$XRP), on boarded to 50 banks. Solution in “pilot mode”.

February 19, 2019:

• Trader’sWay Forex adds XRP payment option.

February 21, 2019:

• Cinnamon announces video-streaming platform with exclusive content for Coil members.

Cinnamon went live in October.

By the end of November, more than 2000 videos and over 320 hours of content covering topics such as cryptocurrencies, art, gaming, music, humor, politics, fitness, and more were uploaded on Cinnamon.

• Cassie Craddock (Director, European Sales at Ripple) speaks at MPE 2019: “Leveraging Blockchain to Transform Global Payments”.

• Cassie also participates in a panel discussion at MPE 2019: “Blockchain & Cryptocurrencies”.

February 22, 2019:

• OKEx crypto exchange adds XRP to C2C trading platform with GBP, CNY, VND, RUB and THB fiat pairs.

February 24, 2019:

• Catex, an exchange based in China, adds XRP with BTC, ETH and USDT pairs.
• Trippki, a blockchain-based hotel booking and rewards platform, announces its decision to allow customers to make online bookings using XRP.

February 25, 2019:

• XRP (finally) gets listed on Coinbase with XRP/USD, XRP/EUR, and XRP/BTC pairs.


• Shanna Leonard, Sr. Director of Audience Marketing at Ripple, at RampUp San Francisco 2019: “B2B and B2C Marketing: Differences and Similarities”.

February 27, 2019:

• Aave, a london based Fintech company, launches AavePay, an app to pay bills with XRP and other crypto. Today, it seems Aave doesn’t offer XRP as an option.

February 28, 2019:

• TradeSatoshi, a Hong Kong based exchange, adds XRP with Bitcoin (BTC), Tether (USDT), Dogecoin (DOGE), Ethereum (ETH) and Litecoin (LTC) pairs.

• Xpring and Coil invest in Kava Labs, a company that provides Interledger solutions for blockchains, wallets, and exchanges. Kava’s solutions enable users to send and receive near-instant transactions, make cross-currency payments, and access liquidity on-demand.
• XRP added on Stronghold trading with USD and BTC pairs.

• Thailand announces 4 cryptocurrencies eligible for investment in ICOs and base trading pairs, XRP is one of them.


March 1, 2019:

• XRP listed on Coinhako, a Tim Draper-backed Singapore-based cryptocurrency exchange, with SGD, IDR and VND pairs.
• Ripple security lawsuits: Zakinov et al vs Ripple Labs Motion to Remand back to state denied. A great thread summing up the case and how it may proceed in the future by lawyer Jake Chervinsky.

March 4, 2019:

• BookMauritiusHotels, a travel platform for booking hotels in Mauritius, accepts XRP (amongst other crypto) as a payment method.

March 5, 2019:

• Antalya Homes, a real estate company in Turkey, accepts XRP and other crypto as a payment method.

March 6, 2019:

• Huobi launches XRP OTC trading on its platform.
• CCX, a Canadian exchange that uses XRP as one of its base currencies adds one more XRP based pair: ADA/XRP.
• The International Association for Blockchain Trusted Applications (INATBA) was incoporated in Brussels, Belgium. Ripple was one of the 105 companies, amongst other start-ups, governments and international organizations, that joined as a founding member.

• Brad Garlinghouse Fireside chat with Nasdaq’s Jill Malandrino at DC Blockchain Summit 2019:

March 7, 2019:

• Bitrota exchange lists XRP with USD, TRY and EUR pairs. At the time of writing, only XRP/TRY pair is offered on Bitrota.
• BitBounce announced the addition of XRP on its exchange, CredoEx. Users can now trade their earnings from paid email ads into XRP.
• RB Global launches its own exchange. XRP listed with BTC pair.
• Ripple announces a $1 million grant to Tipping Point to fight poverty in the Bay Area and help individuals and families struggling to meet their basic needs.

March 8, 2019:

• Trezor wallet announces support for XRP on the Model T following its latest firmware updates.
• QB, an exchange based in Hong Kong that started its operation back in 2013, has announced the addition of XRP on its trading platform with BTC, ETH and USDT pairs. Later removes BTC and ETH pairs.

March 11, 2019:

• Grand Capital LTD, a forex broker based in Moscow, adds XRP and USDT as means of deposit and withdrawal on Grand Capital accounts.
• Navin Gupta, Managing Director, South Asia & MENA, at Ripple, participates in a panel discussion at the Global Financial Forum 2019: “Tomorrow’s Innovation Today”.

March 12, 2019:

• Forte, a company dedicated to accelerating the adoption of blockchain technology in the games industry by equipping developers with easy-to-use technology and tools that lay a new foundation for player-driven game economies, has partnered with Xpring and Ripple. The plan, which features a $100 million fund for developers, could remake the gaming industry by creating a new way to create in-game marketplaces for digital goods.

• Blocktrade exchange adds EUR pairs, XRP/EUR included.
• Trust wallet, Binance ‘s official wallet, now supports XRP.


• Marjan Delatinne, Global Head of Banking at Ripple, participates in a panel discussion at ISC 2019: “Future of Distributed Ledgers – The Road Ahead”.

March 13, 2019:

• Zipmex, a fully licensed Singapore-based digital asset exchange, has announced the addition of XRP on its trading platform with USD and BTC pairs. XRP/SGD pair added at a later stage.

March 14, 2019:

• FinanceX exchange lists XRP with VND, IDR, BTC, FNX and USDT pairs.
• David Schwartz, Ripple CTO, interview with Sara Silverstein at SXSW 2019.

March 15, 2019:

• Bitrue adds SHA/XRP trading pair.
• XRP integrated with the online payment platform WooCommerce.

• Navin Gupta, Managing Director, South Asia & MENA, at Ripple, speaks at the Mint Digital Innovation Summit 2019.

March 16, 2019:

• Arbitrage bot on telegram pulls an exit scam. If it sounds too good to be true, then it probably is.

March 17, 2019:

• South African exchange Ovex goes live. XRP listed with BTC pair. XRP/ZAR to be added within the next few weeks (it still hasn’t).
SchlaubiDev, developed MoneyMessage, an AddIn for Microsoft Outlook which allows users to append money in form of XRP and send it to any mail receiver. The amount is deposited in XRPTipBot which allows the receiver to withdraw at any time.


March 18, 2019:

• Coinberry, a Toronto-based, FINTRAC-registered, cryptocurrency trading platform, announced the addition of XRP.

March 19, 2019:

• PayGlobal, an FCA regulated e-money agent based in the United Kingdom, has added XRP support.

• Swiss online marketplaces Digitec-Galaxus, now accepting bitcoin and other select cryptocurrencies, including XRP, as a means of payment.
• XRP added on Bittrex partner exchange VALR with BTC and ETH pairs.

March 20, 2019:

• Bahrain-based Shariah compliant cryptocurrency exchange Rain lists XRP with BHD, SAR, KWD, AED, OMR and USD pairs. XRP is now paired to 48 fiat currencies. Rain mentions that it is in the process of getting an opinion on Sharia compliance on XRP.

March 21, 2019:

• Codex, a licensed cryptocurrency exchange based in Estonia, has added XRP on its trading platform with BTC and USDT pairs. Today, XRP seems to have been removed from the exchange.
• Canadian exchange Bitbuy lists XRP with CAD pair.

March 24, 2019:

• Bitrue adds 3 more XRP-based pairs: DASH/XRP, BAT/XRP and STORM/XRP.
• Bahrain-based Shariah compliant cryptocurrency exchange Rain that listed XRP on March 20th, obtained Sharia compliance certification for XRP from their partner, the Shariyah Review Bureau.

March 25, 2019:

• Bitfi, a hardware crypto wallet that offers a different approach to other wallets by not storing private keys, announced that it will be supporting XRP soon. Indeed, XRP is currently supported today.

• David Schwartz, Ripple CTO, speaks to the students at the University of Texas at Austin.

March 26, 2019:

• OMGFIN, an exchange based in Estonia, announced the addition of XRP on its trading platform with BTC, ETH, USDT and UQC pairs.
• Zennon Kapron’s (Kapronasia) presentation at Ripple Regionals: Asia Pacific 2019: “Latest Trends with Southeast Asia and Beyond.”

More information on the speeches at this regional event here and here.

March 27, 2019:

• Bitrue adds 4 more XRP based pairs: ZIL/XRP, IOST/XRP, GNT/XRP and ICX/XRP
• Brad Garlinghouse, Ripple CEO, speaks at the Fintech Ideas Festival (FIF) 2019: “The Future of Payments”.

March 28, 2019:

• Federal Bank Ltd, an Indian private bank, has entered into a partnership with Ripple, for cross border remittance through its network. This partnership will help Federal Bank to explore new corridors where Ripple is aggressively pursuing new partnerships.

March 29, 2019:

• Singapore based exchange Tokenize announces that it will add XRP with BTC, ETH, USD and SGD pairs.
• Huobi launches XRP crypto contract trading.
• Coinvest Plus adds XRP with BTC, ETH, GUSD and COIN pairs.
• MoneyMessage is extended to Gmail through a Browser extension which allows users to append money in form of XRP and send it to any mail receiver. Similarly to Outlook, the Gmail extension utilizes the XRPtipbot to receive or withdraw the XRP.

May 30, 2019:

• Marcus Treacher interview on Payment Eye.

April 1, 2019:

• SCB partners with Thailand’s PPT Exploration and Production Public Company Limited (PTTEP) to employ Ripple’s blockchain technology solution.
• The Luxembourg Private Equity and Venture Capital Association (LPEA) classifies XRP as a payment token, like Bitcoin.
• Ripple CTO David Schwartz AMA on Quora.

April 2, 2019

• Bitrue exchange adds XRP/USDC pair.
• Tata Consultancy Services (TCS) Quartz enables banks/payments systems to connect to newer DLT based payment infrastructures (like RippleNet) for processing of Cross border FX remittance transactions.

April 3, 2019:

• Santander announces the expansion of its Ripple powered solution One Pay FX to non-customers with its standalone app “Pago FX”.
• XAGO, a Money Transfer Operator based in South Africa, uses the XRP Ledger as a distributed exchange, where users can exchange XRP for ZAR.


April 4, 2019:

• Japanese Imports company Tegiwa, has announced on facebook that they now accept crypto for payments via Coingate. XRP, LTC, BTC and ETH mentioned.

April 5, 2019:

• XRP added on Estonia based exchange EO.Trade with BTC, ETH and EO pairs
• Puma browser partners with Coil to bring a new business model for the web.

• Bitrue exchange adds ADA/XRP pair.
• ILP Summit 2019 takes place in San Fransisco. All videos of the event here.

April 6, 2019:

• Marjan Delatinne, Global Head of Banking at Ripple, speaks at 2019 Penn Blockchain Conference on “Blockchain and Payments Technology”.

April 9, 2019:

• Velic exchange goes live with 6 XRP pairs, 3 of which are XRP based. At the time of writing, there are no XRP based pairs.
• Monica Long, SVP of Marketing and Communications at Ripple, publishes an article on The Glass Hammer, on women and blockchain.

April 10, 2019:

• Xpring invests in Robot Ventures.
• UQUID supports XRP for mobile and viber top-ups and bill payments.


• Zipmex exchange adds SGD (Singapore dollar) and IDR (Indonesian rupiah) pairs for XRP, BTC, ETH, EOS and LTC.

April 11, 2019:

• Ice3x exchange adds XRP with ZAR (South African rand) and BTC pairs, 15 months after publishing “Why Ice3x won’t be listing XRP“.

• OOOBTC exchange lists XRP with BTC pair.

April 15, 2019:

• Bitrue exchange adds LBA/XRP pair.
• Dan Morgan, Ripple’s Head of Regulatory Relations in Europe, speaks at the Paris Blockchain Conference. His speech begins at 16 minutes but a French translator’s voice is heard.

April 16, 2019:

• eToroX goes live with 7 XRP stablecoin pairs included: CHFX, GBPX, CADX, EURX, USDEX, AUDX and JPYX.

April 17, 2019:

• BelcoBTM, a company providing cryptocurrency vending services to customers in the USA and has launched multiple locations in New Jersey, has announced the addition of XRP.

• Xpring invests in Bolt Labs, a company focused on anonymous payment channels, instant, cheap and private payments for everyday purchases.
• Marjan Delatinne, Global Head of Banking at Ripple, participates in a panel discussion at the Paris Blockchain Week Summit 2019 on “The Future Of Payments”.

• RippleForGood extends support to thorn.org through “The Audacious Project”.

April 18, 2019:

• Wietse Wind of XRPL Labs announces the release of XRPayments, an app that allows businesses to accept XRP payments.

April 20, 2019:

• XRP community meetup takes place in Amersfoort. Summaries here and here.

April 22, 2019:

• Monica Long, SVP Marketing at Ripple, explains XRP and Ripple on Trader Cobb’s podcast.

April 24, 2019:

• Bitrue exchange adds RVN/XRP pair.
• New Ripplenet member revealed: EQIBANK.
• Ripple publishes its Q1 2019 XRP Markets Report.

April 25, 2019:

• The Representative Director, President and CEO of SBI Holdings, Inc. Yoshitaka Kitao joins Ripple’s Board of Directors.


• Salamandex integrates XRP. Merchants using its platform can now accept XRP.

• Bitrue partners with Wietse’s XRPtipbot to make it easier for users to deposit other cryptos to the XRP TipBot.


April 29, 2019:

• eToroX adds 3 new pairs for XRP, two of which are XRP based.
• XRP added on Bytepower Exchange (BPX) with a BTC pair. AUD and USD later added.
• Asheesh Birla, SVP of Product at Ripple, participates in a panel discussion at the Milken Institute Global Conference 2019 on “Reinventing Financial Services”.

April 30, 2019:

• Ria Money Transfer, a subsidiary of Euronet, joins Ripplenet.


• Navin Gupta, Managing Director, South Asia & MENA at Ripple, keynote speech at the New Age Banking Summit in Oman.

• Navin Gupta, Managing Director, South Asia & MENA at Ripple, does a Fireside chat at the New Age Banking Summit in Oman.

May 1, 2019:

• NASDAQ adds XRP index to Global Data Service.
• Bitrue adds NEXO/XRP pair.
• Coil’s monetized platform for creators opens.

May 2, 2019:

• Mbanq, a global provider of cloud banking technology, adds Ripple support.
• Taiwanese exchange BitoPro loses approximately 7 million XRP from a user that exploited the partial payment feature.

May 3, 2019:

• Sagar Sarbhai, Head of Government & Regulatory Affairs, Asia Pacific at Ripple, participates in a panel discussion at the Asia Investment Conference on “The future of banking, payments & blockchain”.

May 4, 2019:

• Banesco Panama conducts a test (with Peruvian bank Intergroup) and joins Ripplenet.

• Kahina Van Dyke, SVP of Business and & Corporate Development at Ripple, does a fireside chat at the Morgan State University Blockchain Summit.

May 5, 2019:

• Adrian Hope-Bailie, Head of Services and Interledger at Coil, Rafiki Workshop at the 2019 ILP Summit.

May 6, 2019:

• Birake, an exchange based in Bucharest, lists XRP with a BTC pair.
• NOWPayments, a cryptocurrency payment processing platform, has announced the addition of XRP on its platform. XRP can now be used as a payin and payout option on NOWpayments.

May 8, 2019:

• XRP added on MXC exchange with USDT pair.

May 10, 2019:

• XRP supported on Bidali payment gateway and gift service.

May 13, 2019:

• Xpring invests in Agoric, a blockchain startup working to develop a blockchain-agnostic programming language specifically for smart contracts.

May 14, 2019:

• Marjan Delatinne, Global Head of Banking at Ripple, discusses payments in Europe at The 2019 Payments Canada SUMMIT with Douwe Lycklama of Innopay and Saskia Devolder of SWIFT.

• Brad Garlinghouse, Ripple’s CEO, speaks at the Swiss National Bank conference on “Past, Present and Future of the International Monetary System” in front of Christine Lagarde (Managing Director and Chairman of the International Monetary Fund), Agustín Carstens (General manager of the Bank of International Settlements) and many Central Bankers.

• Kahina Van Dyke, SVP of Business and Corporate Development at Ripple, advocates on Essence for more black women to enter the fintech space.

May 15, 2019:

• David Schwartz, Ripple CTO, at Consensus 2019: “Under the hood”.

May 16, 2019:

• Blue Helix exchange (BHEX) lists XRP with a USDT pair. Later adds BTC and ETH pairs.
• Kava Labs designing a stablecoin (USDX) pegged to the USD and collaterised with XRP.

May 17, 2019:

• Bitkeep wallet announces the addition of XRP on its aggregate exchange with BTC and USDT pairs.
• FXCM, a provider of online foreign exchange (FX) trading, CFD trading and related services, adds XRP/USD to cryptocurrency offering.
• Bitrue adds CSC/XRP trading.

May 20, 2019:

• Brad Garlinghouse interview on Recode Decode, hosted by Kara Swisher.

May 21, 2019:

• Ron Will, Chief Financial Officer at Ripple participating in a panel discussion at The Digital CFO: “Harnessing the Power of Disruption & Data”.

May 22, 2019:

• Frente Corretora de Câmbio, an exchange broker based in Brazil, launches Simple, a platform developed in partnership with Ripple.
• Bitrue adds ZAP/XRP trading.

May 24, 2019:

• Colodax, a broker-to-peer Indian cryptocurrency exchange, goes live with XRP/INR (Indian rupee) trading included.

May 27, 2019:

• XRP now available on imove, an online wallet for individuals and small businesses specializing in global payments.

May 30, 2019:

• CatalX, a new Canadian digital asset trading platform (and a Bittrex partner), goes live. XRP added with CAD (Canadian dollar), BTC, ETH and USDT pairs.
• Yahoo! Japan backed cryptocurrency exchange TaoTao goes live. XRP supported.
• Henrique Teixeira, Director of Strategic Relationships, Americas at Ripple speaks at Fintech Americas.

May 31, 2019:

• Bitexbook, an exchange launched by StreamCapital Group Ltd, a Forex company based in St. Vincent and Grenadines, adds XRP with pairs to the Russian ruble (RUB), United States dollar (USD), BTC, ETH, USDT and the BitFlip debt token (XRPBF).

June 1, 2019:

• Gatehub hack begins. The next few days, tens of millions of XRP will get stolen, worth $10 million at the time. In November, a report mentioned that also its user account info was leaked.

June 2, 2019:

• Leapfrog, a full stack technology services company that specializes in SaaS products, Web and Mobile Applications, and AI, announces the formation of a strategic partnership with Ripple.

June 3, 2019:

• Ripple takes an active role in reporting on volume and sales of XRP: “Sales of XRP in Q2 will be substantively lower (as a % of reported volume) than in the previous Q, with our stated target of 20bps, likely dropping to less than 10bp”.

June 4, 2019:

• EliteX, a digital asset exchange integrated into the Lisk ecosystem, lists XRP with BTC, ETH, USDT and LSK pairs.

June 5, 2019:

• Ripple opens an office in Switzerland.

June 6, 2019:

• Vontobel Investment Banking, a globally operating financial expert with Swiss roots, that specializes in wealth management, active asset management and investment solutions, announces the launch of a Ripple (XRP) certificate for investors.

June 7, 2019:

• David Schwartz, Ripple CTO, speaks at WeAreDevelopers World Congress 2019: “The Future of Digital Currency: Blockchain Beyond the Hype”.

June 10, 2019:

• Beaxy, an all-In-One Cryptocurrency exchange goes live, includes XRP with a BTC pair.

June 11, 2019:

• Ripple launches operations in Brazil.


• Marjan Delatinne, Global Head of Banking at Ripple, panel discussion at Bloomberg’s The Future of Data: Sooner Than You Think on “Comprehending the Cloud”.

June 12, 2019:

• Ripple listed as a payment method at GoLance, an online workforce platform that connects employers with freelancers based all over the globe.
• Ripple CTO David Schwartz interview at Future of Fintech.

June 13, 2019:

• Standing Ovation, a Swiss service provider for events, congresses and shared communication, accepts XRP as a payment method.
• Bitrue adds DIVI/XRP trading.

June 14, 2019:

• Bitrue adds XTZ/XRP trading.
• Xpring invests in Alkemi, an on-chain liquidity protocol and non-custodial solution for stakeholders to earn incentives on their idle crypto assets while providing the infrastructure required for exchanges to stabilize market prices.

• Sachin Maheshwari, Senior Integration Engineer at Ripple, spoke at India Dapp Festival 2019.

June 17, 2019:

• OceanEx, an AI powered digital asset trading platform within the VeChainThor Ecosystem, lists XRP with USDT and VET pairs.

• Ripple and Moneygram announce strategic partnership. Ripple becomes MoneyGram’s key partner for cross-border payment and foreign exchange settlement using digital assets.


• Banesco Panamá and Scotiabank Chile running proofs of concept (POC) with Ripple. Banesco to use Ripplenet for blockchain-based transfers only between banks in the group (covering the Dominican Republic, Panama, Portugal, Puerto Rico, Spain and Venezuela) initially.
• Coinone Transfer, a blockchain based overseas remittance company, announced that it will collaborate with SBI Ripple Asia to facilitate blockchain based remittance in S.Korea.


• Ripple CEO Brad Garlinghouse, speaks on Bloomberg about Ripple’s Moneygram investment.

June 18, 2019:

• XRP listed on Bgogo exchange with BTC and USDT pairs.

• Alex Holmes, Moneygram Chairman and CEO, on KRLD.

June 19, 2019:

• Hikmet Ersek, Western Union CEO, at Brainstorm Finance 2019 on Libra, Ripple and Moneygram.

June 20, 2019:

• Brad Garlinghouse at Fortune Brainstorm Finance 2019: “Does Crypto Have a Place in Real World Banking?”

June 23, 2019:

• Sendfriend, a newly formed Xpring backed money transfer company that is utilizing XRP and xRapid goes live in New Jersey.

• Healthcare technology company, Opu Labs, announced the release of the Opu Marketplace, a blockchain enabled e-commerce service which specializes in skincare and dermatology related solutions. XRP accepted as a payment method.

June 24, 2019:

• The MENA Fintech Association (MFTA) launches. Ripple is a founding member along with Sharjah Entrepreneurship Center, UAE Exchange, token.io and Temenos.

June 25, 2019:

• Exchainpay, a cryptocurrency exchange based in India, lists XRP with INR (Indian rupee), BTC, ETH and TUSD pairs. At the time of writing, Exchainpay website is not operational.

June 26, 2019:

• 300M-user meme site Imgur raises $20M from Coil to pay creators.


• Falcon, a private bank with headquarters in Zurich and offices in Dubai, London and Luxembourg, announced the introduction of trading and custody for XRP and XLM.

June 27, 2019:

• Bitrue exchange gets hacked, 9.3 million XRP, worth $4.01 million at the time, and 2.5 million cardano (ADA), worth $231,800, accessed and transferred off its platform. All funds were insured and returned to the users.

July 1, 2019:

• XRP United, an XRP friendly exchange, ceased all operations.

July 2, 2019:

• Bexplus, an exchange based in Hong Kong announced the addition of XRP and EOS on its trading platform with a USDT pair.

July 4, 2019:

• Allbit, a blockchain commercial service, announces the addition of XRP on its platform with Bitcoin (BTC) and Ethereum (ETH) pairs.

July 5, 2019:

• Stefan Thomas, Coil founder and CEO, on Paypod: “Using Fintech to Revolutionize the Web with Stefan Thomas of Coil”.

July 9, 2019:

• Velocity announces the launch of ShortHop, a digital asset platform, XRP included.

July 10, 2019:

• DMM Bitcoin, a Japanese exchange, lists XRP.

• Near, an American startup that develops a public, proof-of-stake (PoS) blockchain focused on usability and scalability, completes a finding round that raises $12.1M. Besides Ripple’s Xpring investors include Accomplice, Electric Capital, Pantera Capital, MetaStable, Amplify Partners, Scalar Capital, Coinbase Ventures, Ideo, a_capital and others.
• Vanessa Pestritto, Director of Strategic Growth for Xpring at Ripple, speaks at AWS Loft: “Harnessing the Power of Payments on the Blockchain”.

July 12, 2019:

• Exonium, an exchange that operates on an Estonian Cryptocurrency Exchange License, lists XRP, TRX and EOS with a USDT pair.

July 15, 2019:

• Stark Payments, a company providing e-payment gateway solutions, based in the United Kingdom, adds XRP to its platform. Integrators and merchants utilizing Stark’s platform can now accept XRP.

July 16, 2019:

• Business Insider speaks with Ripple’s Global Head of Government Relations Michelle Bond about regulatory clarity for emerging technologies and innovation.

July 17, 2019:

• Boubyan, a Kuwaiti bank that was established in 2004 to practice all banking, financial and commercial activities in compliance with the provisions of the Noble Islamic Sharia, partners with Ripple to “provide higher levels of technical services related to remittances to ensure greater speed and security and data integrity of the bank.

July 18, 2019:

• Brad Garlinghouse on CNBC.

• Sagar Sarbhai, Head of Government & Regulatory Affairs, Asia Pacific at Ripple, at Bangkok FinTech Fair 2019.

July 19, 2019:

• Sentbe, one of the largest money transfer fintech companies in South Korea, signs a contract with MoneyGram, making Sentbe the first MoneyGram virtual agents in South Korea. Also updates website to show that they are partnered with Ripple.


July 24, 2019:

• Ripple publishes its Q2 2019 XRP Markets Report.

July 25, 2019:

• IndoEx, an exchange registered in the United Kingdom, announces the addition of XRP to its platform with BTC, ETH, USDT and USDC pairs.
• Chilean money transfer company CurrencyBird announces that it joined Ripplenet.

July 29, 2019:

• Ripple writes an Open Letter to Congress: “Please do not paint us with a broad brush.”
• Ripple expands its University Blockchain Research Initiative (UBRI) to Japan, bringing on new partners including Kyoto University and the University of Tokyo.

July 30, 2019:

• Monica Long, SVP Marketing at Ripple, on Bloomberg regarding the U.S. Senate Cryptocurrency Hearing.

August 2, 2019:

• MoneyGram announces its second quarter results: “Live with xRapid, settling currencies in seconds”.

• Blockchain Technology Working Group formed by the Government Operations Agency in California. Liz Chien (VP of Global Tax and Chief Tax Counsel at Ripple) is one of the members.

August 5, 2019:

• DOBI, a cryptocurrency exchange with offices in Hong Kong, announced the addition of XRP on its platform. DOBI users can trade XRP with BTC and USDT pairs.

August 6, 2019:

• Ripple’s Xpring invests in Equilibrium Connect, a company focused on building open source developer tools for the Interledger ecosystem and working on the core protocol.

August 8, 2019:

• Blockdaemon, a blockchain deployment facilitator, now supports XRP nodes.

• Ripple’s Global Head of Government Relations Michelle Bond conversation with VP of Marketing Monica Long on: “Digital Currency Regulation Around the World”.

August 9, 2019:

• Brad Garlinghouse, the CEO of Ripple Labs, gives an interview at Yahoo! Finance:
– Active discussions on “multiple” potential investments and acquisitions are currently underway.
– MoneyGram’s xRapid volume will start to ramp in Q4 but really we’ll start to see more consequential volumes in Q1.
– By the end of 2020 there will be over $1bn of xRapid volume.

August 10, 2019:

• Ripple joins “Allin”, an organization focused on bringing San Fransiscans together to support solutions to homelessness.

August 13, 2019:

• Simex, a multifunctional online international digital asset management, investment, and trading platform, makes XRP trading available against BTC, ETH and USDT.
• Hackers exploit the partial payment feature to steal 44 bitcoins and 111,000 XRP, worth $570,00 from Beaxy exchange.

August 15, 2019:

• Xpring invests 1 billion XRP in Coil, a platform dedicated to reimagining monetization on the web for creators and their fans.

August 19, 2019:

• Stu Alderoty, General Counsel at Ripple, fireside chat at Technology Policy Institute: “Law & Regulation of Cryptocurrency”.

August 20, 2019:

• Marjan Delatinne webinar at The British Blockchain Association.

• Ken Weber, Head of Social Impact, Ripple, shares his thoughts on how academia can address the blockchain skills gap.

August 22, 2019:

• Headquartered in Canada, AMCzet is a global international exchange and international crypto exchange for trading in certified cryptocurrency through rigorous listing and screening. On August 22, AMCzet listed XRP on its trading platform.

August 27, 2019:

• Luiz Antonio Sacco, Managing Director, Brazil & South America at Ripple, interview on CriptoNoticias (in Portuguese).

August 28, 2019:

• Luiz Antonio Sacco at Forum Blockmaster (in Portuguese).

August 29, 2019:

• Malaysian Speza exchange goes live, lists XRP with BTC and ETH pairs.
• Ryan Gaylor, Director Corporate Payments at Ripple, speaks at FiNext Conference.

September 5, 2019:

• Sparrow exchange adds XRP and XLM on its platform, with PAX, TUSD, USDT and USDC pairs.

September 6, 2019:

• Faysal Bank, a Pakistani Islamic and commercial bank which is a subsidiary of Bahriani bank Ithmaar Bank, announced a partnership with Ripple.

• Ripple rebrands its products, introduces ODL (On-Demand Liquidity).

September 9, 2019:

• The XRP community fund becomes a fully incorporated official foundation, registered in The Netherlands.

September 11, 2019:

• Dan Morgan, Ripple’s Head of Regulatory Relations in Europe, participates in a panel discussion at the Banco De Espana Global Imbalances and Capital Flows in the Era of New Technologies conference: “Session VI. Capital Flows: Risks and Opportunities in a Digital Context”.

September 12, 2019:

• Xpring invests in Coinme, a global leader in cryptocurrency ATMs and blockchain financial services.

• Vindax, an Asian cryptocurrency exchange, lists XRP with BTC, ETH and USDT pairs.
• Brad Garlinghouse on CNN with Julia Chatterley.

September 13, 2019:

• XRPL hits a milestone after closing 50 millionth ledger.

• Breanne Madigan, Global Institutional Markets at Ripple speaks at the OECD Global Blockchain Policy Forum 2019.

• Bitocto, an Indonesian cryptocurrency exchange, has added XRP on its trading platform. XRP can now be traded against the Indonesian rupiah (IDR).

September 17, 2019:

• The Philippine Digital Asset Exchange (PDAX), an order-book exchange regulated by the Bangko Sentral ng Pilipinas to operate as a virtual currency exchange, goes live and lists XRP.

September 18, 2019:

• Navin Gupta, Managing Director, South Asia & MENA at Ripple, participates in a panel discussion at Euromoney Saudi Arabia on: “Banking, payments and the core institutions of the future”.

September 19, 2019:

• New Ripple website goes live, Interbank and Vitesse revealed as new customers.
• Sagar Sarbhai panel discussion at the Milken Institute ASIA Summit on: “Open Exchange: The Future of Money”.

September 23, 2019:

• The National Bank of Fujairah (NBF) is a full-service corporate bank that offers corporate and commercial banking, treasury and trade finance services as well as personal banking options and Shari’a compliant services. It has branches across the UAE, with head offices in Dubai and Fujairah. On September 23rd, it was revealed that NBF was a Ripplenet member.

• The Global Crypto Offering Exchange (GCOX), an exchange based in Singapore, lists 4 new tokens on its platform: XRP, ADA, EOS and NEO. XRP was listed with BTC and ETH pairs.

September 25, 2019:

• Decoin, a Decentralized Trading Platform Exchange with Redistributed Profits to Coin holders, announces the addition of XRP with a BTC pair.
• Newton, a Canadian no-fee cryptocurrency platform, lists XRP with a CAD (Canadian dollar) pair.

September 26, 2019:

• Navin Gupta interview on Finbizness at Sibos.

September 27, 2019:

• Xpring announces the acquisition of Logos, a startup developing a turnkey payments solution focused on speed and scalability.

September 30, 2019:

• Ripple continues acquisition streak, expands European Operations to Iceland by acquiring Icelandic crypto trading firm Algrim to work on the ongoing development of Ripple’s On-Demand Liquidity (ODL).

October 1, 2019:

• Stefan Thomas, Coil founder and CEO, speaks at View Source Conference on Web Monetization An Alternative to Ads.

October 2, 2019:

• Xpring launches developer platform and introduces 4 new participants to the XRP ecosystem:
– Bitpay, a pioneer in processing crypto payment transactions will be adding XRP to their suite of products and wallet. Users will be able to use XRP for everyday purchases and paying bills at thousands of merchants like Microsoft and AT&T.
– BRD Wallet, one of the oldest and most popular cryptocurrency wallets will enable its users to hold, buy, sell, and send XRP to anyone in the world.
– Anchorage, the new standard for digital asset custody will support XRP for institutional customers.
– Chainalysis, the blockchain analysis company for exchanges, government agencies and financial institutions is adding support for the XRP Ledger to their service.

• Xpring invests in Vega Protocol, an open, blockchain-backed public network for fully automated end-to-end trading and execution of financial products.
• Jeremy Light, VP of EU Strategic Accounts at Ripple, Fireside chat at IAMTN Global Summit 2019.

October 3, 2019:

• Marjan Delatinne speaks at Delta Summit on: “The Future of Payment Settlement in a decentralized economy”.

• UBRI Connect takes place, the first-ever annual convening of Ripple’s University Blockchain Research Initiative (UBRI).

David Schwartz’s Keynote on Internet of Value.

Building Games on Blockchain with Brett Seyler of Forte Labs.

Ripple VP of Engineering Doug Purdy walk through on the new SDK launched by Xpring.

Ethan Beard talks launch of Xpring Platform and SDK for XRP.

Senior Product Manager at Ripple Warren Anderson discusses the Interoperability Hackathon.

The World Economic Forum’s Ashley Lannquist lead a panel on the application of blockchain technology for social impact.

Ripple’s Sr. Director of Product, Ginger Baker, talks with SendFriend CEO, David Lighton, about how their international money transfer app leverages blockchain technology and digital assets to create faster, less expensive and more inclusive international money transfers for immigrants in the U.S.

October 4, 2019:

• Brad Garlinghouse interview on “Off the Chain”.

October 7, 2019:

• Brad Garlinghouse on Fortune’s “Balancing the Ledger”.

October 8, 2019:

• Brad Garlinghouse Fireside chat at the The Economic Club of New York.

October 9, 2019:

• Binance Singapore lists XRP with a SGD (Singapore dollar) pair.
• Finastra, a financial technology company based in London with 10,000 employees and over 9,000 customers, including 90 of the top 100 banks globally, announces that it has teamed up with Ripple to offer Ripple’s blockchain technology through Finastra’s payments solutions to support fast cross-border payments.

• Xago, a Cape Town-based fintech company founded in 2016, launced its XRP only gateway and exchange in South Africa.

October 10, 2019:

• Binance DEX, the decentralized exchange developed on top of the Binance Chain blockchain, announced the listing of XRP (XRP-BF2). Backed by real XRP assets and issued on Binance Chain, XRP-BF2 is a token pegged to XRP value and tradeable on Binance DEX, allowing DEX users to exchange countless more digital assets and tokens with full custody over their funds and wallets.

October 11, 2019:

• BRD wallet, a simple and secure onramp to bitcoin, ethereum, and other digital currencies, announced a strategic collaboration with Ripple’s developer company Xpring. According to the announcement Xpring will provide an investment of $750,000 to enable BRD to implement the XRP Ledger.

October 14, 2019:

• Ripple invests in Mexican exchange Bitso. Bitso to expand in Latin America, along with Ripple and ODL.

October 15, 2019:

• CoinField, a Canadian cryptocurrency exchange that uses XRP as a base currency, reveals Sologenic, a sophisticated ecosystem that facilitates users with investing, trading, and on-demand tokenization of assets such as stocks, ETFs, and fiat on top of the XRP Ledger.

October 16, 2019:

• Xpring invests in Towo Labs, a Swedish startup aimed at simplifying crypto self-custody. Towo Labs develops open-source software for full support of XRP on hardware wallets. This will give XRP holders the ability to leverage all transaction types on the XRPL in a secure format, addressing the usability issue faced by crypto users.

• SafePal, a cryptocurrency hardware wallet that aims to provide secure, simple, and enjoyable crypto management solution for the masses, adds support for XRP.

October 18, 2019:

• Ripple publishes its Q3 2019 XRP Markets Report.

October 20, 2019:

• Craig DeWitt (Product at Ripple), releases the alpha version of xsongs, a marketplace that lets creators sell their digital content for digital assets. Musicians can sell their music and receive 100% of the revenue through peer to peer payments in XRP.

October 21, 2019:

• Michelle Bond, Global Head of Government and Regulatory Affairs at Ripple, at the Chamber of Digital Commerce Congressional Briefing on: “Blockchain & AML – Challenges and Opportunities”.

October 22, 2019:

• Ripple performs a strategic move in expanding its Global Regulatory team in Washington D.C. and opening a dedicated GR office there.

• QuantaEx, an exchange with headquarters in Estonia and part of QPay, a Multi Platform Based Blockchain Ecosystem, adds XRP on QuantaEx with BTC and USDT pairs.
• Ethan Beard, SVP of Xpring, participates in a panel discussion at Pantera Blockchain Summit 2019: “Building Finance 2.0”.

October 23, 2019:

• Brad Garlinghouse keynote at DC Fintech Week 2019.

• Navin Gupta participated in a panel discussion at Fintech abu Dhabi: “Unleashing the Capabilities of Blockchain”.

• Brad Garlinghouse on Fox Business News.
• Navin Gupta on CNBC.

October 28, 2019:

• Eric van Miltenburg, SVP Global Operations at Ripple, on Second in Command Podcast.

October 29, 2019:

• Brad Garlinghouse on Fintech Beat podcast.

October 30, 2019:

• Xpring announces its investment in Keyless, the first biometric authentication and identity management platform to leverage secure multi-party computation. Led by top privacy and security experts, Keyless’ mission is to prioritize security and privacy for users by providing authentication as a service.

November 1, 2019:

• Xpring acquires Strata Labs, a startup focused on building infrastructure and real utility at the intersection of fintech and cryptocurrencies. Strata Labs builds tools to empower companies with the power of currency agnostic micropayments.

• Chris Larsen, Co-founder & Executive Chairman of Ripple, at SFBW2019: “The Payments Revolution”.

• Ron Hammond, Manager of Government Relations for Ripple, participates in a panel discussion at SFBW19: “The Evolution and Future of The Token Taxonomy Act”.

November 4, 2019:

• TP Bank, a Vietnamese bank that was founded in 2008 in cooperation with the Bank for Investment and Development of Vietnam and Citibank, joins Ripplenet.

November 5, 2019:

• Xpring invests in Flare Networks, a new blockchain network based on the Flare Consensus Protocol – the first Turing Complete Federated Byzantine Agreement protocol, enabling smart contract capability for the XRP ledger.

• Brad Garlinghouse on Bloomberg.

November 7, 2019:

• NetCents, an online payment processing platform based in Canada, adds XRP to its merchant gateway. NetCents offers merchants, partners, and users an entire cryptocurrency ecosystem by providing full payment integration, instant settlements, and security while giving users access to over 40 million merchants worldwide. NetCents supports merchant cryptocurrency transactions in 55 countries and 33 fiat currencies.

• Marjan Delatinne at The Asia House Global Trade Dialogue panel discussion: “Disruptive Innovation in Finance”.

• Swell, Ripple’s annual event, takes place in Singapore. Videos of the event have been published here and you can find our summary here.

November 9, 2019:

• Zg.com is an exchange registered in Singapore. It was founded in 2018 and on November 9 it announced the addition of XRP to its platform.

November 10, 2019:

• XRP meetup takes place in Japan. Video and summary of the event were posted.

November 11, 2019:

• Viral Naik, Architect at Ripple, presentation at Block-Sprint.

November 12, 2019:

• Marjan Delatinne speaks at Artificial Intelligence and Blockchain Showcase: “What is an Internet of Value and how do we enable it”.

November 13, 2019:

• Ripple and other major companies participate in a roundtable discussion with Governor Newsom on California housing problem.

• Ethan Beard, SVP of Xpring, podcast on Abra Money 3.0.

November 14, 2019:

• The Oxford Foundry, the University of Oxford’s entrepreneurship centre, announces its partnership with Ripple’s UBRI to help address the growing technology skills gap in the UK.

November 16, 2019:

• Coinbase card customers can use their XRP and 4 other tokens via the Coinbase card.

November 19, 2019:

• TradeStation Crypto, Inc., a subsidiary of TradeStation Group, Inc., launches its crypto brokerage platform, TradeStation Crypto. With TradeStation Crypto, traders in approved states and countries can trade Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and XRP with a USD pair

• Eric van Miltenburg interview on JoinD.

November 20, 2019:

• Stefan Thomas interview on SymposiumX Financial Innovation on the Web.

November 22, 2019:

• Ripple backed web monetization platform Coil partners with OutVoice, a freelance payment solution.

November 25, 2019:

• Ripple completes MoneyGram investment with an additional $20 million. The funding will support MoneyGram’s operations as the company continues to increase volume and use of On-Demand Liquidity.

• TransferGo partners with Ripple to offer global real-time payments everywhere to everyone. TransferGo to use ODL and expand its Ripplenet use,

• Jay Kim interviews with Ripple CEO, Brad Garlinghouse; Ripple CTO David Schwartz; Ripple SVP of Customer Success Marcus Treacher; and Ripple SVP of Global Operations, Eric van Miltenburg go live. HDFC, one of the largest private banks in India revealed as a Ripple customer.

November 28, 2019:

• Quantoz, a Blockchain technology application incubator, specialized in building and implementing Blockchain-based solutions, to offer Blockchain-as-a-Service for secure digital payments, announces the release of Nexus 3.2.0. With the new release, Nexus (an end-to-end SaaS solution that enables easy integration of public and private blockchain infrastructures into a business), two additional cryptocurrencies are now supported, XRP and XLM.

November 29, 2019:

• Navin Gupta on DeepTalk: “Show me the Money”.

December 2, 2019:

• BitFlyer, one of Japan’s leading cryptocurency exchanges announces the addition of XRP.

• Binance, one of the world’s leading cryptocurrency exchanges adds Russian Ruble (RUB) trading pairs on its platform. XRP/RUB also included.

December 4, 2019:

• KogoPAY, a mobile payment platform that enables users to send money to friends and family, pay bills, accept payments using QR codes, announces that it will connect using the Ripple system.

• David Schwartz at the Berkeley Blockchain Accelarator: “ILP and the XRP Ledger”.

• Luiz Antonio Sacco interview on Blockmaster TV (in Portuguese).

December 9, 2019:

• 3S Money Club, a digital B2B merchant banking platform that provides banking services by invitation only for a community of selected cross-border businesses, announces it joined Ripplenet via its Managing Director and CEO, Ivan Zhizneskiy.

December 11, 2019:

• Emi Yoshikawa, Senior Director, Joint Venture Partnership, Global Operations at Ripple, participates in a panel discussion at the Blockchain Women conference.

• Emi Yoshikawa was also interviewed by Fintech Silicon Valley.

December 14, 2019:

• SALT adds XRP as a collateral option for Crypto backed loans. SALT is a company offering membership-based borrowing allowing borrowers to leverage their cryptocurrencies to secure cash loans, while simultaneously providing an opportunity for financial institutions and accredited investors indirect involvement in this new asset class, linking cryptocurrency with traditional lending.

December 19, 2019:

• Nicolas Steiger, FlashFX CEO, interviewed on Nugget’s News. Speaks about Ripple, ODL and XRP.

• Chris Larsen interviewed on The Billion Dollar Secret.

December 20, 2019:

• Ripple raises $200 million in a Series C funding, valuating the company at $10 billion. The Series C was led by Tetragon with participation from SBI Holdings and Route 66 Ventures.

• Luiz Antonio Sacco (Ripple Managing Director, Brazil & South America) interview at Reuters: Ripple’s blockchain platform plans to expand partnerships with banks in Brazil in the international people remittance market by 2020 as demand for instant and cheap solutions in this sector grows rapidly.

December 23, 2019:

• Jorge Lesmes (Global Head of the Blockchain Banking practice, everis) confirms that everis has done several projects with Ripple and that he considers it one of the most important companies in Blockchain/DLT.

December 21, 2019:

• Bitrue, a cryptocurrency exchange based in Singapore that uses XRP as a base currency, announces the addition of 27 more XRP based pairs over the course of the next few weeks. As soon as all the pairs will be added, Bitrue will offer a total of 81 XRP pairs (78 of which XRP based).

• DSX, a UK exchange operating since 2014, finally lists XRP with USD, EUR and BTC pairs.

• Fintek.pl interviews Marjan Delatinne, Global Head of Banking at Ripple. Marjan talks about Ripple, XRP, SWIFT, Blockchain, One Pay FX, JPM Coin and more.

December 24, 2019:

• XRP gets listed on LongBit exchange with USDT and BTC pairs.

December 25, 2019:

• Binance adds Turkish lira (TRY) trading pairs on its platform, XRP/TRY included.

• BitTok, a cryptocurrency exchange based in Singapore, announces the addition of XRP and EOS on its trading platform.

December 26, 2019:

• Brad Garlinghouse and Ripple Executives Talk XRP, Blockchain and Crypto in 2020.

December 29, 2019:

• General Bytes, a Bitcoin, Blockchain and Cryptocurrency ATM manufacturer, adds support for XRP, on more than 3000 sold to date. This means that even machines that already exist are now compatible with XRP.


XRP price

Let’s start by talking about the elephant in the room. The price of XRP has dropped by almost 50% in 2019 in USD value and almost 75% in BTC value. The percentage of its market dominance dropped from 10.88% to 4.33%.

XRP price

It’s useful to take a step back and look at this from a longterm point of view (using logarithmic scaling to make the price movement more visible).

This chart reminds us that things can change rapidly, either upwards or downwards. XRP has shown in the past that it can move drastically and the past 2 years we have been witnessing a correction from that amazing bull run. The fact that the whole market is in bear “mode” right now, doesn’t help either.

Finally, as far as volatility is concerned, XRP has had one of its most stable years. The highest intraday volatility in 2019 was 28.75% on May 14th.


Exchanges that listed XRP in 2019: 82

Coinzeus, Coinmetro, Good Exchange, Huobi, BankCEX, Bitzon, Moontrade, BtcFinans, Kriptomat, Bison, Swyftx, BitcoinTrade, Nobitex, Catex, Coinbase, TradeSatoshi, Stronghold, Coinhako, Bitrota, CredoEx, RB Global, QB, Zipmex, FinanceX, Ovex, Coinberry, VALR, Rain, Bitbuy, OMGFIN, Tokenize, Coinvest Plus, EO.Trade, Velic, Ice3x, OOOBTC, eToroX, Bytepower Exchange (BPX), Birake, MXC, Blue Helix (BHEX), Bitkeep  exchange, Colodax, CatalX , TaoTao, Bitexbook, EliteX, Beaxy, OceanEx, Bgogo, Bexplus, Allbit, DMM Bitcoin, Exonium, IndoEx, DOBI, Simex, AMCzet, Speza, Sparrow, Vindax, Bitocto, PDAX, Global Crypto Offering Exchange (GCOX), Decoin, Newton, Xago, Binance DEX, Binance Singapore, Binance US, QuantaEx, Zg.com, TradeStation Crypto, BitFlyer, DSX, Longbit, BitTok.

Exchainpay (listed XRP but exchange not operational)
Codex (listed XRP but now XRP is not offered)
CoinPulse (used to list XRP but exchange closed)
Koinex (used XRP as a base pair but now ceased operations)
GBX (listed XRP but later de-listed it)
DX.Exchange (listed XRP but currently not operational)
Infinite (listed XRP but exchange not operational)
XRP United (ceased operations)

Even though its hard to keep track of exchanges listing or de-listing digital assets, we have tracked 82 exchanges that listed XRP in 2019. Two of them de-listed it later on, while 3 others are not operational right now.

In fact, 81 out of the top 100 exchanges by adjusted volume on CMC, offer XRP trading, with at least 15 of them adding XRP in 2019.

At the time of writing there are 1130 markets listed on XRParcade. XRP is listed on 388 exchanges. It is also paired with 47 fiat currencies with a total of 349 fiat markets. The most popular fiat currencies paired with XRP are the USD (on 78 exchanges) and the EUR (on 54 exchanges).

In 2019 we have seen some important listings for XRP. Besides Coinbase listing XRP, many other exchanges that have been operational for many years added XRP like DSX, ice3x, TradeSatoshi, QB, bitFlyer, Simex and others.

Unfortunately, quite a few hacks and exploits occured in 2019: Gatehub, Bitrue, Beaxy and BitoPro all fell victim to nefarious activity. We urge exchanges that have listed or planning to list XRP to take a look at this page in order to avoid falling victim to someone exploiting the partial payment feature. Moreover, quite a few holders fell victim to the arbitrage bot ponzi that operated on Telegram and the fake giveaways that have flooded Twitter, YouTube and Medium the past year.

We have also noticed that some exchanges close as easy as they open. Its always best to look into an exchange thoroughly before using it, and keeping your digital assets off exchanges.

As far as ODL (On-Demand Liquidity) is concerned, Ripple hasn’t officially announced any new ODL exchanges. However, it was revealed that Australian exchange BTC Markets is fascilitating ODL payments for Australian dollars (AUD). Other known ODL exchanges include Bittrex, Bitstamp, Bitso and coins.ph. It is expected for Bitso to grow along with Ripple and expand in other countries in Latin America. Beetech (Brazil) and Interbank (Peru) need someone to fascilitate their payments. Bitrue is another exchange that is expected to add fiat pairs and become an ODL exchange, with Binance also being another ODL potential suitor.

Companies accepting XRP

XRP is being utilized by many companies. In 2019 the following companies also started using, supporting or accepting XRP:

– Hodl Finance (crypto backed loans)
– 1xBIT (gambling)
– HuobiWallet (wallet)
– Freewallet (wallet)
– RIGHTS (Global Entertainment Platform)
– BitBill (wallet)
– Coingate (payment gateway)
– Blockscart (P2P marketplace – website not operational)
– Digycode (prepaid cryptocurrency recharge service)
– Liechtenstein’s postal service
– MyCryptoCard (crypto card)
– MyCryptoWallet (wallet)
– Instimatch global (digital network)
– Trader’sWay (forex)
– Cinnamon (video streaming)
– Trippki (hotel bookings)
– Aave (bill payments, today XRP not supported)
– BookMauritiusHotels (travel platform)
– Antalya Homes (real estate)
– Trezor (wallet)
– Grand Capital LTD (forex)
– Trust wallet (wallet)
– MoneyMessage (add on)
– PayGlobal (e-money agent)
– Digitec-Galaxus (online marketplaces)
– Bitfi (wallet)
– XAGO (Money Transfer Operator)
– Tegiwa (imports)
– UQUID  (top-ups, bill payments)
– BelcoBTM (ATMs)
– XRPayments (payments)
– Salamantex (payments)
– NOWPayments (payments)
– Bidali (payment gateway and gift service)
– FXCM (forex)
– imove (payments)
– GoLance (online workforce platform)
– Standing Ovation (service provider)
– Opu Marketplace (e-commerce)
– Falcon Bank (custody and trading)
– ShortHop (digital asset platform)
– Stark Payments (e-payments)
– Blockdaemon (blockchain deployment facilitator)
– Bitpay (payments)
– BRD Wallet (wallet)
– Anchorage (custody)
– Chainanalysis (blockchain analysis)
– Xago (gateway)
– SafePal (wallet)
– xSongs (marketplace)
– NetCents (payments)
– Coinbase card (crypto card)
– Nexus’ Quantoz (transaction processing)
– KogoPAY (payments)
– Salt (crypto backed loans)
– General Bytes (ATMs)

We can see that the most popular choice here is payments. This is no surprise if we take into account both the speed and the cost of XRP transactions. XRP has also been integrated in a variety of wallets in 2019. Lastly, XRP is now supported on quite a few ATM providers (General Bytes, BelcoBTM and coinme – who is also Xpring funded). You can view our XRP ecosystem here. Make sure to scroll down to the table to view all companies. Cryptwerk also keeps an extensive list of companies that accept XRP and has noticed a significant increase in 2019.

XRP Ledger

The XRP network reached the milestone of 1000 nodes on December 5th 2018. The amount of nodes has remained stable all through 2019 and is currently at 993.

The network has continued its decentralization through 2019. Non Ripple validators increased from 19 out of 26 (73%) in January, to 27 out of 34 (79.4%) at the time of writing.

New non-Ripple validators were:
– aloha.xrpscan.com
– crcm-xrp.blockdaemon.com
– isrdc.in
– peerisland.com
– ripple.kenan-flagler.unc.edu
– ripplevalidator.uwaterloo.ca
– www.bitrue.com
– xrp.coinfield.com

Even though 10 countries are running UNL validators, 68% of them are operating from the US.

XRP Intelligence (coming soon)

/dev/null productions (@DevNullProd twitter avatar) was kind enough to offer xrp1ntel’s support. xrp1ntel is an XRP network monitor and analyzer. The core application offers a scalable mechanism through which to follow the XRP Ledger and track: Accounts, Transactions, Payments, Offers/Markets, Network Status & More. More on this soon.

XRP supply

The XRP circulating supply increased from 41.1 billion on January 6th 2019 to 43.3 billion on December 22nd. That is a 2.2 billion increase at an average rate of 6 million per day.

The rate of increase however was not stable all through 2019 and has shown significant decrease in the second half of 2019.

The total XRP supply was reduced from 99,991,719,383 XRP on January 6th to 99,991,136,657 XRP on December 22nd. This means that approximately 582,726‬ XRP were burnt in 2019. The rate of reduction was stable all through 2019 with a couple of exemptions, one of them being the “attack” on the XRP ledger towards the end of the year.

In previous years, the reduction of the total XRP supply was higher.

2017: 3,705,290‬ XRP
2018: 1,188,352‬ XRP
2019: 582,726 XRP

XRP volume

The XRP daily volume on CMC didn’t have many spikes in 2019, even though a volume of 9.4 billion XRP was recorded on November 25.

Total XRP volume on CoinMarketCap:

2017: 104 billion
2018: 298 billion
2019: 473 billion

Of course, these numbers by CMC can not be trusted since a lot of this volume is fake, an issue addressed by Ripple.

The total XRP volume for 2019 on CryptoCompare was approximately 154 billion, less than a third of the volume reported on CMC.

Ripple escrow

Ripple has released 12 escrows in 2019, all of which were 1 billion XRP each. Of that 12 billion XRP, Ripple returned into escrow 9.4 billion, thus reducing the amount of XRP in escrow by 2.6 billion, from 52.5 billion in December 2018 to 49.9 billion in December 2019. For more detailed information you can visit our escrow page.

MonthEscrow returnedEscrow not returnedTotal
Feb-19800,000,000200,000,000 1,000,000,000
Mar-19700,000,000300,000,000 1,000,000,000
Apr-19700,000,000300,000,000 1,000,000,000
May-19700,000,000300,000,000 1,000,000,000
Jun-19700,000,000300,000,000 1,000,000,000
Jul-19700,000,000300,000,000 1,000,000,000
Aug-19800,000,000200,000,000 1,000,000,000
Sep-19800,000,000200,000,000 1,000,000,000
Oct-19800,000,000200,000,000 1,000,000,000
Nov-19900,000,000100,000,000 1,000,000,000
Dec-191,000,000,0000 1,000,000,000

Ripple Sales

Ripple has sold a total of $487 million worth of XRP in 2019 (without taking into account the fourth quarter), compared to $535 million in 2018. In Q1 and Q2 the amount of sales was higher than the average 2018 quarterly sales ($133 million). Q2 was double the usual amount sold. This could be due to the particularly high XRP volume reported on CMC or an effort to fund additional investments like the one in MoneyGram.

Ripple stated in its Q2 Markets Report that it would be using CryptoCompare as a benchmark. Moreover, according to the report regarding Institutional OTC sales:

“Ripple decided to pull back from providing XRP over-the-counter at scale toward the end of Q2, in light of the OTC desks’ ability to source institutional demand for XRP in the open markets. Going forward, Ripple plans to focus institutional sales on markets where the on-exchange liquidity for XRP is insufficient to meet institutional demand.”

Moreover as far as programmatic sales are concerned:

“Because of misreported trading volumes, Ripple has changed its sales strategy (10 basis points of CCTT) and benchmark for Q3, and will continue to closely monitor the situation.”

Ripple did conduct less than 10 basis points of programmatic sales in Q3. In fact, part way through Q3, Ripple decided to pause programmatic sales altogether, and:

“Focus our over-the-counter (OTC) sales on a few strategic partners, who are building XRP utility and liquidity in regions that are strategically important to our growing global business, including EMEA and Asia.” 

For Q4, Ripple committed to continue to monitor volume developments closely and intended to maintain a similar approach to Q3. CryptoCompare volume was approximately $31 billion in Q4 2019. It is expected that Ripple will sell less than $31 million programmatically.

New Ripplenet members

  • Euro Exim Bank (Bank): United Kingdom
  • SendFriend (Money transfer): United States, Philippines
  • JNFX (Trading): United Kingdom
  • FTCS (Payments): Sweden, Scandinavia (Rebranded to Intergiro)
  • Ahli Bank of Kuwait ABK (Bank): Kuwait, Egypt, United Arab Emirates
  • Transpaygo (Money transfer): United Kingdom, Austria
  • BFC (Money transfer): Bahrain
  • ConnectPay (Payments): United States
  • GMT (Payments): Israel
  • WorldCom Finance (Money Transfer): Israel
  • Olympia Trust Company (Trust): Canada
  • Pontual/USEND (Money Transfer): United States, Brazil
  • Rendimento (Bank): Brazil
  • SABB (Bank): Saudi Arabia
  • Unimoni (Money Transfer): United Arab Emirates
  • Federal Bank Ltd (Bank): India
  • EQIBANK (Bank): Dominica
  • Ria (Money Transfer): United States
  • Banesco Panama (Bank): Panama
  • Interbank (Bank): Peru
  • Frente Corretora de Câmbio (exchange broker): Brazil
  • Leapfrog (technology services): United States
  • GoLance (online workforce platform): United States
  • Boubyan (Bank): Kuwait
  • Sentbe (Money Transfer): South Korea
  • CurrencyBird (Money Transfer): Chile
  • Faysal Bank (Bank): Pakistan
  • Vitesse (Financial Services): United Kingdom
  • National Bank of Fujairah (NBF) (Bank): United Arab Emirates
  • TP Bank (Bank): Vietnam
  • 3S Money Club (B2B merchant banking platform): United Kingdom
  • Banco de Crédito e Inversiones (Bank): Chile
  • Liri Holdings (Fintech company): Hong Kong
  • Tempus (Financial services): United States
  • bKash (Money Transfer): Bangladesh
  • QNB (Bank): Qatar
  • Finastra (Financial Services): United Kingdom
  • HDFC (Bank): India

38 new Ripple customers have been revealed in 2019, out of the 100+ that Ripple has signed in that year. In 2019, Ripple has extended its reach in countries like Bangladesh, Qatar, Chile, Vietnam, Peru, Panama, Israel and Pakistan. You can view our Ripple ecosystem here.

Currently, 38 of the top 100 banks by total assets tested or worked with Ripple.

Ripplenet Integrators

These companies have announced that they will be supporting other financial institutions to join Ripplenet.

Ripple expansion

  • Ripple opened an office in Switzerland
  • Ripple launched operations in Brazil.
  • Ripple expanded its Global Regulatory team in Washington D.C. and opening a dedicated GR office there.
  • Ripple raised $200 Million in a new funding round.

Ripple expanded with offices in Switzerland and Brazil while it also launced a regulatory team in Washington DC. At the same time, it expanded its European Operations to Iceland by acquiring Icelandic crypto trading firm Algrim to work on ODL. After successfully acquiring $200 million through its Series C funding, it is expected that Ripple will further expand in other key countries and perform additional acquisitions.

It is also worth noting that Ripple recently surpassed 400 employees worldwide, with Craft reporting 534 employees in December 2019. At the time of writing, Ripple is looking to fill another 50 positions. Some notable employees did leave Ripple in 2019: Cory Johnson (Chief Market Strategist), Dilip Rao (Global Head, Infrastructure Innovation), Evan Schwartz (Senior Software Engineer, Co-Inventor of the Interledger Protocol), Ross D’Arcy (Sales Director, EMEA), Wellington (Welly) Sculley (Business Development Director) and others.

Ripple for Good

In September 2018, Ripple formed Ripple for Good, a corporate social impact program that would support mission-driven organizations and initiatives with the potential to expand financial inclusion worldwide. The program would also focus on STEM, FinTech education and financial literacy as key drivers of a new and increasingly inclusive global digital economy. Ripple for Good already supports UBRI (University Blockchain Research Initiative) and announced various donations in the past (Donors Choose, The Ellen DeGeneres Wildlife Fund). This year the following donations were publicised:
– $1 million grant to Tipping Point.
– RippleForGood extended support to thorn.org through “The Audacious Project”.

University Blockchain Research Initiative (UBRI)

Ripple’s UBRI (University Blockchain Research Initiative) embraced 14 new members in 2019, reaching a total of 31 universities. The initiative started in June 2018 in an effort to work with top universities around the world to support and accelerate academic research, technical development and innovation in blockchain, cryptocurrency and digital payments. These are the 14 new members that joined UBRI in 2019:

Carnegie Mellon University
Cornell University
Duke University
Georgetown University
University of Kansas
University of Michigan
Morgan State University
National University of Singapore
Northeastern University
University of Sao Paulo
Institute for Fintech Research, Tsinghua University
Kyoto University
University of Tokyo
Oxford Foundry (University of Oxford entrepreneurship centre)

Besides almost doubling its members, UBRI organised UBRI Connect, the first-ever annual convening of the initiative. In case you missed it, you can find more information on UBRI connect in your flashback on October 3rd.

Xpring / Coil

Xpring was launched back in May 2018. It was an initiative by Ripple to invest in, incubate, acquire and provide grants to companies and projects run by proven entrepreneurs that will use XRP. In 2019 we witnessed a lot of activity from Xpring, funding a total of 20 projects while Coil also grew its ecosystem by 4 members (Cinnamon, Puma browser, Imgur and OutVoice). Ripple invested in MoneyGram, Bitso and acquired Algrim. On a negative note, Omni (one of the first projects backed by Ripple) ceased its operations.

February 5: Xpring invests in Raised in Space, a music/tech investment group focused on raising the value of music.
February 5: Xpring invests in Dharma Labs, a protocol for generic tokenized debt agreements.
February 13: XRPL Labs receives funding from Xpring.
February 21: Cinnamon announces video-streaming platform with exclusive content for Coil members.
February 28: Xpring and Coil invest in Kava Labs, a company that provides Interledger solutions for blockchains, wallets, and exchanges.
March 12: Forte, a company dedicated in accelerating the adoption of blockchain technology in the game industry, partners with Xpring and Ripple.
April 5: Puma browser partners with Coil.
April 10: Xpring invests in Robot Ventures, a (pre-)seed investor in fintech / crypto companies with big ambitions and contrarian worldviews.
April 17: Xpring invests in Bolt Labs, a company focused on anonymous payment channels, instant, cheap and private payments for everyday purchases.
May 13: Xpring invests in Agoric, a blockchain startup working to develop a blockchain-agnostic programming language specifically for smart contracts.
June 14: Xpring invests in Alkemi, an on-chain liquidity protocol, a non-custodial solution for stakeholders to earn incentives on their idle crypto assets while providing the infrastructure required for exchanges to stabilize market prices.
June 17: Ripple invests in MoneyGram.
June 26: Imgur raises $20M from Coil to pay creators.
July 10: Near, an American startup that develops a public, proof-of-stake (PoS) blockchain focused on usability and scalability, completes a finding round that raises $12.1M. Xpring is an investor.
August 6: Ripple’s Xpring invests in Equilibrium Connect, a company focused on building open source developer tools for the Interledger ecosystem and working on the core protocol.
August 15: Xpring invests 1 billion XRP in Coil.
September 12: Xpring invests in Coinme, a global leader in cryptocurrency ATMs and blockchain financial services.
September 27: Xpring announces the acquisition of Logos, a startup developing a turnkey payments solution focused on speed and scalability.
September 30: Ripple expands European Operations to Iceland by acquiring Icelandic crypto trading firm Algrim to work on the ongoing development of Ripple’s On-Demand Liquidity (ODL).
October 2: Xpring launches developer platform and introduces 4 new participants to the XRP ecosystem: Bitpay, BRD Wallet, Anchorage, Chainanalysis.
October 2: Xpring invests in Vega Protocol, an open, blockchain-backed public network for fully automated end-to-end trading and execution of financial products. 
October 11: BRD wallet, a simple and secure onramp to bitcoin, ethereum, and other digital currencies, announced a strategic collaboration with Ripple’s developer company Xpring.
October 14: Ripple invests in Mexican exchange Bitso.
October 16: Xpring invests in Towo Labs, a Swedish startup aimed at simplifying crypto self-custody.
October 30: Xpring announces its investment in Keyless, the first biometric authentication and identity management platform to leverage secure multi-party computation.
November 1: Xpring acquires Strata Labs, a startup focused on building infrastructure and real utility at the intersection of fintech and cryptocurrencies.
November 5: Xpring invests in Flare Networks, a new blockchain network based on the Flare Consensus Protocol – the first Turing Complete Federated Byzantine Agreement protocol, enabling smart contract capability for the XRP ledger.
November 22: Coil partners with OutVoice, a freelance payment solution.
November 25: Ripple completes investment in MoneyGram.
December: Ripple backed Omni shuts down.

All three Ripple investments had something to do with ODL, while Coil seems more focused on strengthening its core goal, web monetization. On the other hand, Xpring seems to have more flexibility to invest in various use cases and make XRP and crypto more easily accessible and help with the adoption of crypto assets.


Ripple is part of many associations across the globe: BAFT, The LHofT, Silicon Valley Tax Directors Group, Blockchain for Europe and others. In 2019, Ripple joined the following organizations:

  • International Association for Blockchain Trusted Applications (INATBA) incorporated. Ripple is a founding member.
  • Ripple becomes a founding member of MENA Fintech Association (MFTA)  along with Sharjah Entrepreneurship Center, UAE Exchange, token.io and Temenos.
  • Ripple’s Liz Chien (VP of Global Tax and Chief Tax Counsel) becomes one of the members of the Blockchain Technology Working Group formed by the Government Operations Agency in California.
  • Ripple joins “Allin”, an organization focused on bringing San Fransiscans together to support solutions to homelessness.
  • Ripple joined the Blockchain Association—an association that provides a unified voice committed to building deep partnerships between technology leaders and policymakers.

ODL (On-Demand Liquidity)

With ODL (On-Demand Liquidity), Ripplenet members use XRP to bridge two currencies in seconds, ensuring payments are quickly sent and received in local currency on either side of a transaction.

The known countries that ODL is being used at the moment are: Mexico (MXN), The Philippines (PHP), United States (USD), United Kingdom (GBP), Europe (EUR) and Australia (AUS). Brazil (BRL) is expected to go live shortly with Peru (PEN) also being a strong contender, since Interbank Peru announced that it would be using ODL. FlashFX also mentioned that the Japanese (JPY) corridor would be opening soon. We have also seen glimpses of potential ODL volume coming from Russia (RUB), which is interesting.

The following companies have either started using ODL or have announced that they would begin shortly:

Bittrex (ODL exchange)
Bitso (ODL exchange)
Bitstamp (ODL exchange)
BTC Markets (ODL exchange)
Catalyst Corporate Credit Union
Coins.ph (ODL exchange)
Euro Exim Bank
i-Remit (unconfirmed)
Interbank Peru
Intergiro (formerly FTCS)
Instarem (Nium)
SADAD (unconfirmed)

ODL statistics

The XRP community, as always, finds ways to stay informed on any important aspect of XRP. ODL is certainly important since it is one of the first instances where a cryptocurrency shows actual utility.

Tenitoshi and CinnappleFun have created the Liquidity Index. It monitors liquidity for Bitso XRP/MXN and Coins.ph XRP/PHP. These are screenshots from January 4th:

Coins.ph XRP/PHP

At the same time 3 XRP community members, Mourad TOUMILabo-a-crypto-3.0 and XrPeace created Utility-scan, a page (you can view the code here) that listens for potential ODL transactions (more info on how it works by Moncho). Utility-scan has been “listening” for potential ODL transactions from various exchanges and so far it has picked up ODL transactions from the following exchanges: Bitso (MXN), BTC Markets (AUD), coins.ph (PHP), Bitstamp (USD) and even Binance (RUB) on a few occasions. EUR and GBP transactions have not yet been spotted. The most popular corridors so far have been USD-MXN, USD-PHP, with AUD-PHP and AUD-USD also showing signs of increase.

Finally, H_M_X has also created a page to monitor the ODL flow.

All tools tell the same story. The ODL volume has shown significant signs of increase the past few months, especially from USD to MXN and USD to PHP. With new corridors opening up, more companies utilizing ODL and more exchanges partnering with Ripple, we can only expect the volume to increase in 2020.

It would be extremely useful if Ripple could provide live statistics and data of ODL volume across corridors. This could prevent missinformation from being spread and a powerful marketing tool for its products.


  • Thailand declared 4 cryptocurrencies eligible for investment in ICOs and base trading pairs, XRP is one of them.
  • XRP deemed Shariah compliant from the Shariyah Review Bureau.
  • The Luxembourg Private Equity and Venture Capital Association (LPEA) classifies XRP a payment token, like Bitcoin.
  • The U.K. Financial Conduct Authority (FCA) classified XRP as an exchange token because of its role in facilitating cross border transactions. There three types of tokens according to the FCA: exchange, utility and security.

In the end of July, Ripple wrote an open letter to Congress, asking for:

“Regulation that does not disadvantage U.S. companies using these technologies to innovate responsibly, and classifies digital currencies in a way that recognizes their fundamental differences—not painting them with a broad brush.”

Ripple also strengthened its team with Michelle Bond, Stu Alderoty, Ron Hammond, Susan Friedman and others.

Ripple’s Global Head of Government Relations Michelle Bond had a conversation with VP of Marketing Monica Long on Digital Currency Regulation Around the World back in August.

As mentioned in the video, Ripple is engaging with 50 governments worldwide. Michelle also briefly mentioned some of the crypto friendly countries/regions: the United Kingdon, the Asia Pacific region (especially Singapore and Thailand), Switzerland, Abu Dhabi. She also stated that Ripple is advocating for a principle based framework as opposed to something prescriptive that would become outdated quickly and limit innovation.
Ripple also expanded its Global Regulatory team in Washington D.C. and opened a dedicated GR office there in October. The team is led by Michelle Bond. Moreover, Craig Phillips, former Counselor to the Secretary at the U.S. Treasury Department, joined Ripple’s Board of Directors to provide depth to Ripple’s policy leadership bench.
Ripple is going at great lengths to get the job done. Will it succeed in 2020? Time will tell!

Ripple Lawsuits

It is well known that Ripple has been facing a series of lawsuits since May 2018. It all started when Ryan Coffey claimed XRP was an illegally sold security and filled a lawsuit against Ripple. The lawsuit was dropped a few months later but other lawsuits occurred in the meantime.

Three seperate lawsuits (Zakinov, Oconer and Greenwald) were all related into one back in October 2018. After that, the class action was moved to Federal court from the San Mateo Superior Court a few weeks later. By June 2019, a new lead plaintiff was named in the class action lawsuit: Bradley Sostack. The plaintiffs then filled an amendent complaint and Ripple then filled a motion to dismiss the case, stating that the plaintiff failed to bring a case within three years of the initial offering, meaning the statute of repose expired. Both parties are due in court on January 15, 2020 at 9 AM Pacific Time. If the court grants the motion to dismiss in Ripple’s favor, the lawsuit would be likely be appealed. If the court denies the motion to dismiss, the case will move into the discovery phase, dates would be set, and both sides would start to get ready for trial. A great thread to follow any developments around any Ripple lawsuit is this one on XRPchat, by brjXRP17.

Our top 5 developments for Ripple/XRP in 2019

  1. Ripple investment in MoneyGram and MoneyGram using ODL
  2. Ripple $200M Series C Funding
  3. Ripple announces 300 customers
  4. Launch of Xpring dev platform
  5. Brad Garlinghouse speaking at the Swiss National Bank conference on “Past, Present and Future of the International Monetary System


2019 was a very exciting year, mainly because it was the year we began having glimpses of utility. There is no need for 5002 crypto assets (listed on CMC at the time of writing) and only those with real utility are going to make it.

It was fascinating to watch the ODL volume slowly pick up its pace and the community was eager for more. There were 2 banks (Euro Exim Bank and Interbank Peru) saying they are using or are going to start using XRP for cross border transactions. However, with regulation hindering innovation, money transfer companies are the first to take the plunge into XRP’s liquidity. Slowly but gradually, more countries are bringing regulatory clarity to crypto assets and some are sharing their insights with other nations.

Love it or hate it, Ripple is proving to be a strong ally of the crypto space. With a strong team, an office in Washington D.C. and a part of various influential groups, having Ripple on XRP’s side is a very strong advantage. At the same time, Ripple is investing its resources in the growth of the ecosystem, improving the technology, exploring better custody solutions and new usecases.

Ripple is expected to further expand in 2020, especially after its new funding round. New offices in strategic countries are to be expected, along with a few more acquisitions and investments. While most of the industry is being hit hard from the 2 year long bear market, Ripple is growing aggresively, investing and expanding. In fact, this bear market is providing a unique growth opportunity to Ripple and perhaps even acting as a wake-up call to other companies, that they have higher chances of success if they are working with Ripple.

Similarly to 2018, in 2019 we have seen many exchanges list XRP. Some of them were relatively old but most of them were new. There were cases where exchanges ceased operations shortly after they launched. If there are more exchanges than the market needs, some of them are bound to cease operations. Especially after this 2 year bear market and the constant hacks. The story of Bitso and the effect it had on its business, is bound to attract more exchanges to the ODL business. Whether Ripple will announce new ODL exchanges is unknown. However, as suggested earlier in the report, it would be useful if Ripple could provide ODL live statistics. Both the community and potential customers would benefit from such an approach.

The tedious lawsuit that has given so much fuel for FUDsters to throw into the fire, is slowly coming to an end. An important date to look out for is January 15th but things could drag on for quite longer. Time is on Ripple’s side and the team has been obviously taking their time with all cases.

The past few years, some important “walls” were brought down. In 2018 the Ripple – R3 conflict came to an end, as both sides reached a settlement, with R3 even adding XRP to its software, the Corda Settler. 2019 was the year that the Coinbase wall finally broke down, with Coinbase even suggesting XRP is better suited for international money transfers. It will be interesting to see which walls will fall in 2020 and what effect that will have. The industry is slowly maturing and key players are beginning to understand that maximalism benefits noone. New synergies would benefit the whole industry and bring adoption one step closer.

We hope you enjoyed our report. If you want to support us you can sign up on our Patreon page.