[8][9] In May 2018, Ashton Kutcher gifted a charity sponsored by Ellen DeGeneres $4 million in the currency, which was noted at the time to be the "third most-valuable cryptocurrency on the market".

[11] The XRP Ledger operates on a consensus protocol that differs from traditional proof-of-work (PoW) and proof-of-stake (PoS) mechanisms.

[1] Shortly after the XRPL was launched, McCaleb, Britto and Chris Larsen founded the company Open Coin in September 2012 to operate on the ledger.

On September 26, 2013, OpenCoin officially changed its name to Ripple Labs, Inc and was at the time headed by Chris Larsen.

[4] Ripple Labs holds a portion of XRP and periodically releases tokens into circulation through sales, aiming to maintain market stability.