Ripple and R3 Reach Settlement in Year-Long Court Case

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A year-old legal battle between two of the crypto industry’s leading organizations is coming to a close.

After a volley of countersuits that had the companies jumping from courthouse to courthouse, Ripple and R3 have brokered a settlement that will put the drama to rest. The terms of the settlement, however, are being kept under wraps by both parties.

In correspondence with Bitcoin Magazine, a representative for Ripple stated that the company has “nothing to share beyond the statement issued yesterday.”

The legal proceedings date back to July of 2017 when R3 accused Ripple and Brad Garlinghouse of breaching an agreement that would allow R3 to purchase 5 billion XRP, Ripple’s native currency, at a rate of $0.0085 before

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