This Man Signed in the list of richest People in USA Because of Ripple

The value of cryptocurrency market capitalization had skyrocketed and touched the figure of US $ 600 million. Increasing the value of virtual currency was able to print a new millionaire.

Quoting Forbes, there is a billionaire who is now entered into the list of richest people in the United States (US), the former CEO of Ripple, Chris Larsen. Ripple uses blockchain technology for international financial transactions.

per January 1, 2018 Ripple market capitalization value reached US $ 88.9 billion, each chip XRP (Ripple code) traded at US $ 2.39. One week later, Ripple had overtaken the Ethereum value, and now Ripple became the second most valuable cryptocurrency after bitcoin.

Due to the significant price increase, Larsen has about 5.19 billion XRP and 17% stake in the company. That amount gave him a fortune of US $ 37.3 million. This led to Larsen occupying the position of the 15th richest man in the United States (US). Larsen's position makes Fidelity CEO Abigail Johnson behind him, though both have digital assets.

Ripple is a digital currency introduced by a start-up that runs a blockchain system based in San Francisco, United States (US).

The company developed a network of payment systems for banks, digital assets and other financial institutions. Later members or members who use the network use digital money called XRP or Ripple to transact.

With Ripple transactions claimed to be faster ie only 4 seconds, if using ethereum more than 2 minutes and bitcoin more than 1 hour for settlement.

Ripple claims to have more than 100 financial institutions that use the network. in recent weeks, a number of banks in South Korea and Japan have tested the Ripple system for cross-bank payments .