ringID is a proprietary social networking platform designed and developed by Ring Inc. located in Montreal, Quebec, Canada. ringID allows users to communicate for free using their individual ID globally over the internet. It was initially released in July 2015. It has been called a Ponzi scheme and criticized for not allowing users to cash out. In September 2021, an embezzlement case was filed in Bangladesh against 25 people, including two founders of the company. One founder was arrested for embezzling funds.
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