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Ripple Labs is a private enterprise software company that created the Ripple Protocol, an open-source protocol that includes the XRP ledger and RippleNet, a suite of payment solutions products aimed towards institutional usage (banks, non-financial institutions and digital currency exchanges).
The company we know today was originally named OpenCoin, but was rebranded to Ripple in 2015.
Founded in 2012 and based in San Francisco, California, Ripple Labs is a private company – meaning that you cannot buy a share of its business anywhere.
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