Co-founder XRP Ledger and former CTO Ripple David Schwartz responded to Exhortation members of the crypto community on social media to provide them with the opportunity to buy shares Ripple.
If you want to be directly involved in success or failure Ripple, you can buy shares Ripple on the secondary market, if you meet the requirements of U.S. law. But you probably shouldn’t do that, answered Schwartz.
The unexpected content of David Schwartz’s post generated a lot of interest, and the publication quickly gained tens of thousands of views.
Many did not expect that a high-ranking official Ripple, and at its peak on January 4, 2018, the company owned XRP amounting to approximately $180 billion, will dissuade them from investing.
Together with Arthur Britto in June 2012, Schwartz created the XRP Ledger and received a stake in the company now known as Ripple (formerly NewCoin), which was developing it.
Schwartz admitted that after selling most of his XRP several years ago, his current stake in Ripple makes up almost all of his personal investments in cryptocurrency.
At the time of its foundation Ripple owned 80% of the supply XRPOver the following years, the company steadily reduced its coin holdings.
At its peak on January 4, 2018 Ripple owned XRP worth up to $180 billion
Company Ripple has never held an initial public offering (IPO), so there is no public share price by which to value its equity.
Given that Ripple historically controlled a disproportionate share of supply XRP, many retail investors bought XRP, considering it as a bet on the company’s success Ripple.
Interestingly, overall market capitalization Ripple followed the value of its assets in XRP. Thus, in March of this year it approached $50 billion, which was approximately equal to its assets in XRP on that moment.
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