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Ripple Swell What it Means How it Works

Ripple Swell What it Means How it Works

Ripple Swell: Understanding the Conference

What Is Ripple Swell?

Ripple Labs, formerly known as OpenCoin, was founded in 2013. It introduced the Ripple payments protocol and the cryptocurrency XRP. Today, XRP ranks as the fifth-largest cryptocurrency by market capitalization in August 2023.

Understanding Ripple Swell

Ripple, a unique corporation in the blockchain and cryptocurrency space, organizes an annual conference called Swell. Swell brings together top figures from the digital currency and blockchain industry. The conference was first announced in August 2017 and held in October of the same year.

Customers of Ripple expressed a desire for the company to unite leaders in banking and blockchain who are dedicated to revolutionizing the global payment system. As a result, Ripple established the Swell conference.

Select Conference Summaries

Ripple Swell 2017

The inaugural Swell conference, titled "Swell: The Future is Here," took place in Toronto from October 16–18, 2017. It focused on blockchain technology and cryptocurrencies’ potential to transform traditional financial systems.

Keynote speakers included Dr. Ben Bernanke, former Chair of the Federal Reserve, and Sir Tim Berners-Lee, the inventor of the World Wide Web. Don Tapscott, the co-author of "Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World," also delivered a speech.

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Swell 2017 featured payments experts and industry luminaries who discussed blockchain implementations, real-world use cases, and evolving customer demands for global payments.

Vitalik Buterin, the founder of Ethereum, participated in a panel that explored the practical uses and future development of blockchain technology.

The conference also included sessions tailored for RippleNet customers, regulatory discussions, and trends in the digital asset world. Representatives from first-mover banks shared their use cases involving XRP Ledger and related technology.

Ripple Swell 2019

The 2019 Ripple Swell conference took place in Singapore. Keynote speakers included Kamal Quadir, CEO of bKash, Chan Heng Chee, Ambassador-at-Large for the Singapore Foreign Ministry, and Raghuram Rajan, the Katherine Dusak Miller Distinguished Service Professor of Finance at Chicago University’s Booth School of Business.

Although the price of XRP experienced a decline on the opening day, Ripple’s CEO Brad Garlinghouse emphasized that the drop in price did not impact the success of Ripple. Garlinghouse also discussed the challenges facing the crypto market and expressed confidence in the long-term value of XRP.

Ripple announced significant milestones during Swell 2019, including surpassing 300 customers, growing the usage of its On-Demand Liquidity (ODL) product, and increasing the number of transactions using ODL.

What Is Swell in Cryptocurrency?

Swell is Ripple Lab’s conference that delivers essential information to its customers and the public.

Does Ripple Still Exist?

Ripple Labs, Inc. is the company behind the Ripple ecosystem, the open-source XRP Ledger, and cryptocurrency XRP.

How Many Offices Does Ripple Have?

Ripple claims to have 15 offices worldwide.

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The Bottom Line

Ripple Swell is an annual conference that informs participants about developments in the Ripple ecosystem and regulatory concerns. The conference features influential figures from the finance and cryptocurrency industries.

Article Sources:

  1. Ripple Insights. "A New Reality Unfolds: Announcing Swell 2019 Keynote Speakers."
  2. Ripple. "The World Economic Forum’s Sheila Warren Keynotes Ripple Swell Global 2020."
  3. CryptoGlobe. "Ripple: Crypto Analyst Says it Has Taken ‘A Big Step to Be the Amazon of This Space.’"
  4. Ripple News. "Ripple Announced that the Ripple Swell Global 2022 Agenda is Now Live."
  5. XRP Ledger. "XRPL’s Origin."
  6. CoinMarketCap. "Today’s Cryptocurrency Prices by Market Cap."
  7. Ripple. "Announcing Swell by Ripple."
  8. Don Tapscott and Alex Tapscott. "Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World." Penguin, 2016.
  9. Ripple. "Swell by Ripple: The Blockchain Revolution: State of the World Address w/Don Tapescott (2017),” YouTube, (Video.) Oct 18, 2017.
  10. Observer. "Swanky SWIFT Event Sweats as Heat Applied by Cooler Swell."
  11. Ripple. "Swell by Ripple: First Movers Tell All (2017)." YouTube, (Video.) Oct. 17, 2017.
  12. Cointelegraph. "Swell the News? XRP Drops 5% as Ripple’s Flagship Event Kicks Off."
  13. Coinsfera. "Ripple CEO Brad Garlinghouse, Reacts To XRP Sell-Off."
  14. Financial Post. "Ripple Announces More Than 300 Customers, RippleNet Growth."
  15. Ripple. "XRP: Utility for the New Global Economy."
  16. Ripple. "Careers Locations."

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