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22 October 2019

Ripple Criticized for Alleged Misrepresentation of Relationship to XRP

Ripple Criticized for Alleged Misrepresentation of Relationship to XRP


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Ripple Criticized for Alleged Misrepresentation of Relationship to XRP.

Ripple Labs, the administrator of blockchain payments network Ripple, has come under criticism for allegedly misleading representations that it “discovered” — rather than created — the XRP token.

Byrne’s article traces the history of the Ripple network, Ripple Labs and XRP’s creation by examining documents such as the founders’ agreement and incorporation records.

“One really important distinction is, the XRP ledger existed before Ripple the company

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