A currency system was developed by Jed McCaleb in which the transactions were verified by consensus among members of network rather than by mining process followed by Bitcoin and the month was May 2011.
Chris Larsen was hired by Jed McCaleb in August 2012 and they started working on the digital currency idea.
OpenCoin was founded by Chris Larsen and Jed McCaleb in September 2012.
OpenCoin closed it's angel round of funding on April 11,2013.
OpenCoin announced that it had closed the second round of angel funding on May 14,2013.
Jed McCaleb separated from active employment with Ripple in July 2013.
OpenCoin officially changed it's name to Ripple Labs,Inc on September 26, 2013.
US $700,000 penalty was charged to Ripple on May 5, 2015 by US Treasury's Financial Crimes Enforcement Network for wilful violation of the Bank Secrecy Act.
Rebranding from Ripple Labs to Ripple took place on October 6,2015.
Ripple became the fourth company with BitLicence on June 13,2016 by obtaining virtual currency licence from New York State Department of Financial Services.
Ripple raised $55 million in funding in September 2016.
Ripple announced it's future plan of creating The Global Payments Steering Group on September 23,2016.
Ripple announced that multi billion dollars banks including BBVA have joined hand to solve problems which include speed,scaling related issues and global transaction related issues in April 2017.
R3 sued Ripple in September 2017.
Ripple and American Express partnered in November 2017 to create a block chain based payment infrastructure.
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A time line of ripple | Ecency
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