As blockchain companies have lost the spotlight this year to the burgeoning, hot world of crypto assets, two of the enterprise blockchain leaders, R3 and Ripple, are now embroiled in a dispute over the cryptocurrency XRP. San Francisco-based Ripple uses cryptocurrency and blockchain technology to make international wire transfers and other forms of cross-border exchange faster and cheaper. A Ripple spokesperson wrote, "Our filing is straightforward -- R3 misrepresented their ability and intent to deliver on their commitments. Ripple has raised $94 million from Andreessen Horowitz, IDG Capital Partners, Santander Innoventures, SBI Investment, Seagate Technology and others. The market capitalization or network value of XRP has skyrocketed this year from $236 million to $8 billion as of Friday.

Source: Forbes September 08, 2017 23:50 UTC