Disclaimer: This report is based on information available as of February 20, 2024, and may not reflect the latest developments. It is not intended to be financial advice and you should conduct your own research before making any investment decisions.

Project Introduction and Solutions:

Ripple is a San Francisco-based technology company founded in 2012. While often mistakenly viewed as synonymous with its native cryptocurrency, XRP, Ripple primarily develops payment solutions for financial institutions. Their flagship product, RippleNet, aims to facilitate faster and cheaper cross-border transactions compared to traditional methods. XRP serves as a bridge currency within the RippleNet ecosystem, but its usage is not exclusive to it.

Project Release Date & Token Release Date:

• The Ripple company was founded in 2012.
• XRP launched in 2012, distributed through various mechanisms including sales to institutions and ongoing grants.

Market Capitalization:

$11.42 billion USD (as of February 20, 2024)

Current Price:

$0.558 USD (as of February 20, 2024)

Exchanges:

XRP is currently listed on numerous major cryptocurrency exchanges, including Binance, Coinbase, Kraken, and Huobi Global.

Competitors:

• Stellar Lumens (XLM): Market Cap – $5.25 billion
• Circle USD Coin (USDC): Market Cap – $42.24 billion
• Tether (USDT): Market Cap – $66.35 billion
• SWIFT: While not a cryptocurrency, SWIFT remains a major competitor in facilitating international payments.

Use Cases:

• Cross-border payments: RippleNet aims to streamline cross-border transactions by offering faster settlement times and lower fees compared to traditional methods.
• Liquidity on-demand: XRP can be used for on-demand liquidity, enabling instant settlement for various use cases beyond RippleNet.
• Central bank digital currencies (CBDCs): Ripple has partnered with central banks to explore the potential of XRP for facilitating CBDC settlements.

Technology:

XRP operates on the XRP Ledger (XRPL), an open-source, public blockchain designed for fast and cost-efficient transactions. The XRPL utilizes a unique consensus mechanism called the Federated Byzantine Agreement (FBA), where trusted validators confirm transactions.

Smart Contracts and Audits:

The XRPL does not support smart contracts in the traditional sense. However, the platform offers custom functionalities like escrow and multi-signature transactions. No formal audits have been conducted on the XRPL, due to its unique consensus mechanism and non-turing complete nature.

Investors and Partners:

Ripple has partnered with numerous financial institutions, including Santander, Standard Chartered, and SBI Ripple Asia. News reports from the past 90 days mention partnerships with:

• SBI Ripple Asia: [invalid URL removed]
• Tranglo: [invalid URL removed]

Amount of Money Raised:

Ripple has raised over $200 million in funding from various investors, including Andreessen Horowitz, Google Ventures, and SBI Group.

Token Distribution:

• 50% held by Ripple
• 50% allocated to various initiatives and distributions, including grants, partnerships, and market development

Detailed Token Economics and Use Cases:

XRP’s primary use case revolves around facilitating transactions within the RippleNet ecosystem. However, it can also be used for liquidity and other purposes on various exchanges and platforms. The token distribution and overall economics are designed to incentivize its use and prevent market manipulation.

Roadmap:

Ripple’s roadmap focuses on expanding RippleNet adoption, developing new use cases for XRP, and collaborating with regulators and central banks. Specific milestones are not publicly available, but recent progress includes expanding partnerships and integrating with new payment platforms.

Team Members:

The Ripple team comprises experienced professionals from various backgrounds, including finance, technology, and regulation. Key