Categories: CryptocurrencyTechnology

Ripple co-founder becomes one of the richest person in the world thanks to exploding cryptocurrency

In the cryptocurrency universe, if you mined or even bought some Bitcoin around seven to eight years ago, you would be sitting on a gold mine right now. Such is the story of Ripple co-founder Chris Larsen, a fintech expert, who has managed to bulldoze the competition and become one of the ‘richest person in the world’.

Larsen currently holds a 17% stake in the company, and according to experts, it has an implied market value of around $37.3 billion.


Larsen, on the other hand, believes that if Ripple can be given such a huge value, then so can Bitcoin.

“If centralised Ripple is worth $320 (billion) then decentralised Bitcoin is (definitely) going to be worth trillions.”

According to Ripple CEO Brad Garlinghouse, Ripple has done very well because it can be very useful for a low-fee payment method. He does say that while he supports Bitcoin, this cryptocurrency is currently not in a position to solve the payments issue, though there are still merchants around the world that are accepting Bitcoin.

“One of the reasons why I think XRP has done very well recently is… Bitcoin is not in a position to solve a payments problem, particularly when you talk about micropayments.”

What predictions are you going to make around Ripple regarding its sustainability? Will Chris Larsen become richer than ever before?

Do let us know in the comment section below.

This story has been updated for corrections.

The Original version of the story stated, Chris Larsen as the richest man in the world.


Muhd. Omer cannot control his love for tech, so he became an author at Techworm to report on the latest happenings in technology, and to educate others

Recent Posts

  • Laws and Legalities
  • Piracy

Roku devices to be back on sale in Mexico following court ruling

Roku to resume sales in Mexico after court ruling A favorable ruling from the 11th Collegiate Court in Mexico City will…

2 hours ago
  • Facebook
  • News

Facebook’s major investors want Mark Zuckerberg to step down as chairman

Major Facebook shareholders propose the removal of Mark Zuckerberg as chairman Several major public investment funds on Wednesday proposed removing…

5 hours ago
  • Google
  • Laws and Legalities

Google will start charging licensing fee for its Android apps in Europe

Google to charge device makers in Europe for Android apps in response to EU fine Google will start charging a…

7 hours ago
  • Guide
  • Torrent

How To Unblock Torrent Sites

Pirated content and the Torrent websites that redistribute this content have always been on the radar of copyright holders. Many Government…

8 hours ago
  • Cryptocurrency
  • News

India gets its first cryptocurrency ATM in Bengaluru

Crypto Exchange Unocoin Launches Its First Cryptocurrency ATM In India Unocoin, the oldest crypto exchange, and blockchain company in India,…

10 hours ago
  • Guide
  • how to

Ways to Insert Degree Symbol in MS Word – 2018

MS Word is indeed a very popular and important program launched by Microsoft Corporation. It's basically a word processing software…

11 hours ago