Ripple
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!