In what year was Ripple coin issued?

Ripple (XRP) was issued in 2012 and is intended to serve as the base currency of the Ripple payment network, facilitating cross-border payments and reducing transaction costs. The network was created by two companies: OpenCoin and Ripple Labs (now renamed Ripple), with an initial supply of 100 billion XRP, 80% held by Ripple.

Ripple Year of Issuance

Ripple was issued in 2012.

Historical Background

As early as 2004, Ripplepay, the predecessor of Ripple, was created, but it was not until 2012 that Ripple (XRP) was officially launched. The Ripple payment network was created by two companies: OpenCoin and Ripple Labs. Ripple Labs later changed its name to Ripple.

Initial Release

The initial supply of Ripple will be 100 billion XRP. Of this, 80% of XRP is held by Ripple Labs for the company’s future use. The remaining 20% ​​of XRP was issued in 2012 to a group of pre-selected investors.

Purpose of issuance

The Ripple coin issuance is intended to provide the base currency for the Ripple payment network, which is designed to facilitate cross-border payments and reduce transaction costs. XRP can be used within the network as a payment asset or a liquidity provider, making cross-border transfers faster and more economical.

Market Performance

Ripple has been one of the best-performing cryptocurrencies since its launch. It was among the top 10 cryptocurrencies by market capitalization and reached its all-time high in 2018. Since then, XRP has experienced significant price fluctuations but has maintained its position as one of the leading cryptocurrencies.

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