Ripple's early institutional backing (2012-2015)
Ripple (then OpenCoin) raised from Google Ventures, Andreessen Horowitz, and banks, building cross-border payment infrastructure on blockchain. The company signed partnerships with financial institutions for cross-border payments.
Ripple signed bank partnerships and grew its network, but later faced a Securities and Exchange Commission lawsuit over its XRP token.
The SEC case created regulatory uncertainty for blockchain-based cross-border payments, but Ripple's model influenced the industry.
Shows both the promise and the regulatory challenges of cross-border payment startups, which dtcpay addresses through a licensing-first approach.
