If you want to know how Ripple works, before we get to a Ripple price forecast, let’s take a look at that. McCaleb left the company in 2013, but Larsen still serves as Ripple Labs’ executive chairman, while the company’s CEO is Brad Garlinghouse. Ripple was founded in 2012 by programmer Jed McCaleb, originally from Arkansas, and entrepreneur Chris Larsen, founder of the online mortgage lender ELoan. In terms of the XRP coin itself, it can be used to transfer assets on the Ripple network and it can also be bought, sold and traded on crypto exchanges. If that does happen – and it is a big if – that could really change the Ripple coin price prediction. There is even a belief in certain quarters that it will end up replacing the current SWIFT/BIC system of international bank transfers. The idea behind Ripple is to speed up the international transfer of money which, its supporters claim, should help attract more people in a time of increasing globalisation. Ripple Labs is the name of the company and Ripple is the protocol, which is powered by the XRP, or Ripple, cryptocurrency. But what is Ripple (XRP)? What is it designed to do? And what is the Ripple price prediction? We will answer that last question later, but first, let’s take a look at what Ripple is and what Ripple does. The XRP cryptocurrency has been around for a long time and is still one of the biggest cryptos out there.
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