Ripple (XRP) was the first cryptocurrency to focus on the payment environment. The goal of the company was to provide an alternative borderless payment system. Using Ripple, customers can send money anywhere in the world almost instantly.

Chris Larsen, Jed McCaleb, and Arthur Britto launched Ripple back in 2012. Ripple started in 2005 as a payments service called “RipplePay.” Jed McCaleb, formerly involved with MtGox, started writing a paper on the eDonkey Network, a file-sharing network. With the help of David Schwartz, the pair launched XRP in May 2011.