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Ripple News
Chris Larsen, Co-founder and executive chairman of Ripple, who personally owns 5.19 billion XRP and has 17 percent stake in the company,
Through XRP reaching the high of $3.84 on Thursday, Larsens holdings are worth about $59.9 billion, made him become richer now.
XRP coin reached 35,500 percent to $2.30 last year, and through raising it has also beaten Ethereum. The company owns 61.3 billion of the 100 billion XRP coins in existence, through providing Ripple a market value of nearly $235.4 billion on Thursday.
The San Francisco-based start-up is using blockchain technology to develop a payments platform which is being used by 100 financial institutions.
Anyhow, Larsen is also one of the persons who has become billionaires due to the cryptocurrency’s recent success.
Jed McCaleb, who co-founded Ripple with Larsen but left the company in 2013 and later founded Stellar, owns the rights to 5.3 billion XRP — worth more than $20.3 billion. McCaleb also owns one billion XLM (Stellar), which are worth more than $800 million.