December 22, 2020
SEC sues Ripple: The Securities and Exchange Commission announced that it had filed an action against Ripple Labs Inc. and two of its executives, who were also significant security holders, alleging that they raised over $1.3 billion through an unregistered, ongoing digital asset securities offering.
June 18, 2020
PayID: Leading technology, finance, and nonprofit companies joined forces to announce the launch of PayID, a universal payment ID to simplify the process of sending and receiving money globally – across any payment network and any currency. Ripple takes the lead in this initiative.
May 27, 2020
RippleNet Cloud: Ripple announces the availability of RippleNet Cloud, a service that allows customers to send and receive payments with one integration and a common Ripple Payment Object (RPO) amongst all customers on RippleNet—meaning less friction and more standardization when customers are ready to scale.
April 21, 2020
Ripple sues YouTube: Ripple takes legal action against YouTube to prompt an industry wide-behavior change and set the expectation of accountability. Ripple claims YouTube should: be more aggressive and proactive in identifying scams, before they’re posted, remove these scams once they are identified and lastly, not to profit from these scams.
October 1, 2018
On-Demand Liquidity live: RippleNet provides on-demand liquidity to financial institutions for cross-border payments using the digital asset XRP. xRapid (now known as ODL), the Ripple product powering these transactions, is commercially available and moves into production with multiple customers.
June 4, 2018
UBRI: Ripple introduces the University Blockchain Research Initiative, a collaboration with top universities around the world to support and accelerate academic research, technical development and innovation in blockchain, cryptocurrency and digital payments.
June 1, 2018
Ryan Coffey sues Ripple: An investor who claimed he lost money buying and selling XRP filed a class action lawsuit against Ripple, alleging that the company violated state and federal securities laws.
September 8, 2017
R3 and Ripple sue each other: R3 sued Ripple for specific performance of an option agreement in which Ripple agreed to sell up to five billion XRPs for a price of $.0085. Ripple countersued, claiming that R3 reneged on a number of contractual promises.
September 23, 2016
RippleNet Committee: Ripple announces the creation of the first interbank group for global payments based on distributed financial technology, the Global Payments Steering Group (GPSG), later renamed to RippleNet Committee.
October 6, 2015
Interledger Protocol (ILP): Ripple introduces the Interledger Protocol (ILP) for efficient payments across payment networks. ILP becomes an open public protocol for payments, with W3C - the body that develops the standards for the internet - taking the lead.
Ripple: In October 2015, the company simplified its name to Ripple.
May 5, 2015
FinCEN penalty: Ripple received a US$700,000 civil money penalty from U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) for “willful violation of the Bank Secrecy Act by acting as a money services business without registering with FinCEN.”
September 26, 2013
Ripple Labs, Inc.: OpenCoin officially changed its name to Ripple Labs, Inc.
Opencoin: Chris Larsen and Jed McCaleb co-founded the corporation OpenCoin. OpenCoin began development of the ripple protocol (RTXP) and the Ripple payment and exchange network.