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In 2024 and beyond, new business expansion opportunities are likely to open up in the U.S. as well, and that has the potential to push XRP's price significantly higher.
On September 26, 2013, OpenCoin officially changed its name to Ripple Labs, Inc and was at the time headed by Chris Larsen. Unlike many cryptocurrencies, XRP was pre-mined, with 100 billion tokens created at inception. [8] [13] The XRPL founders gifted 80 billion XRP, the platform's native currency, to Ripple Labs. [4]
Many thought XRP would double in price to $1, but thus far, that hasn't happened. Instead, investors are sitting on the sidelines, waiting to see what happens next. Confused investor with laptop.
*Stock Advisor returns as of October 14, 2024 Neil Patel and his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and XRP.
In February 2020 an article in Financial Times Alphaville revealed that MoneyGram, the largest public user of Ripple's XRP based liquidity tools, had received a $50m investment prior to adopting the tools and also that the software was provided free of charge by Ripple and that MoneyGram was receiving an on-going subsidy for using XRP ...
In April 2024, TVNZ's 1News reported that the Cook Islands government was proposing legislation that would allow "recovery agents" to use various means including hacking to investigate or find cryptocurrency that may have been used for illegal means or is the "proceeds of crime." The Tainted Cryptocurrency Recovery Bill was drafted by two ...
He was promoted to CEO in December 2016. [8] In December 2019, Garlinghouse announced that Ripple had raised a $200M series C funding round from Tetragon, SBI Ventures and Route 66 Ventures. [9] In 2020 Garlinghouse admitted that Ripple Labs would be losing money if it did not have the revenue generated from the sales of the XRP cryptocurrency ...
Today, XRP has a market cap of $18.52 billion and is the world’s seventh-largest cryptocurrency, ... Ripple distributes all the XRP tokens on a timed, pre-determined schedule. That said, the cap ...