How old is Ripple?

OpenCoin's focus was on creating a more inclusive and efficient financial system. The team worked tirelessly to develop cutting-edge technology that would enable seamless and secure transactions across borders. Their efforts paid off, and soon, OpenCoin was gaining recognition for its innovative approach to digital currencies.

Ripple's journey began in 2004 when it was established as RipplePay in Vancouver, Canada. The brainchild of Ryan Fugger, RipplePay was created with the ambition of facilitating secure global money transfers. This innovative platform aimed to address the challenges associated with traditional financial systems, offering a more efficient and reliable alternative.

Fugger's vision resonated with many, and RipplePay gradually gained traction in the early days of the internet era. However, it wasn't long before the company underwent a significant transformation. In 2012, Fugger decided to sell RipplePay to a group of entrepreneurs who saw even greater potential in the platform.

Jed McCaleb, Arthur Britto, and David Schwartz were the new owners of RipplePay. They shared a vision for expanding the company's capabilities and reaching a wider audience. With their expertise and ambition, they set out to revolutionize the digital currency landscape.

Under the new ownership, RipplePay underwent a complete overhaul. The company was renamed OpenCoin, reflecting its new direction as a digital currency network. This was a pivotal moment in Ripple's history, marking the beginning of its evolution into a global financial technology powerhouse.