When Was Ripple XRP Released?40

Ripple XRP, the native cryptocurrency of the Ripple network, was first released on August 20, 2012, according to its official website.

Ripple, the company behind XRP, was founded in 2012 by Chris Larsen and Jed McCaleb. The company's goal was to create a faster, more efficient, and more scalable way to send and receive payments across borders.

XRP was created as the native cryptocurrency of the Ripple network. XRP is used to pay transaction fees on the Ripple network and to provide liquidity for cross-border payments.

Since its launch in 2012, XRP has become one of the most popular cryptocurrencies in the world. It is currently ranked among the top 10 cryptocurrencies by market capitalization.

Key Dates in XRP's History* August 20, 2012: XRP is released.
* September 2013: Ripple Labs raises $1 million in seed funding.
* January 2014: Ripple Labs raises $3 million in Series A funding.
* May 2015: Ripple Labs raises $28 million in Series B funding.
* September 2016: Ripple Labs raises $55 million in Series C funding.
* December 2017: XRP reaches its all-time high price of $3.84.
* March 2018: The SEC announces that it is investigating Ripple Labs for possible violations of securities laws.
* December 2020: The SEC files a lawsuit against Ripple Labs, alleging that it sold XRP as an unregistered security.
* April 2021: The SEC and Ripple Labs reach a settlement, in which Ripple Labs agrees to pay $100 million in disgorgement and $25 million in civil penalties.

ControversyXRP has been the subject of controversy in recent years. In December 2020, the SEC filed a lawsuit against Ripple Labs, alleging that it sold XRP as an unregistered security. The SEC's lawsuit has cast a shadow over XRP and its future.
Despite the controversy, XRP remains a popular cryptocurrency. It is used by a number of financial institutions and businesses, and it is one of the most traded cryptocurrencies in the world. The outcome of the SEC's lawsuit will likely have a significant impact on the future of XRP.

ConclusionXRP was first released on August 20, 2012. Since then, it has become one of the most popular cryptocurrencies in the world. However, XRP has also been the subject of controversy, as the SEC has alleged that it was sold as an unregistered security. The outcome of the SEC's lawsuit will likely have a significant impact on the future of XRP.

2024-10-20

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