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Ripple

ripple.com

Fintech sector: Ledger, Money Transfer, Crypto

Country of incorporation: USA

Year of incorporation: 2013

Team names, roles
and company contact

Mr Brad Garlinghouse, CEO

Mr Stefan Thomas, CTO

Elevator pitch

Ripple provides one frictionless experience to send money globally using the power of blockchain. By joining Ripple’s growing, global network, financial institutions can process their customers’ payments anywhere in the world instantly, reliably and cost-effectively. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets.

Problem solved

Cross-border payments are unreliable, slow, and expensive.

Solution / technology

Blockchain and the Interledger Protocol (interledger.org)

Competitive

Ripple’s network currently includes over 100 banks and financial institutions, including banks such as Santander and UBS and payment companies from MoneyGram to American Express. As the stewards of XRP, the best digital asset for payments, and the inventors of the open source Interledger Protocol, Ripple is uniquely positioned to transform global payments.

Market size

$155 trillion are sent across borders each year!

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