https://en.wikipedia.org/wiki/Ripple_(company)#Funding
Are they profitable? How can this kind of thing be justified to shareholders?
Are they profitable? How can this kind of thing be justified to shareholders?
They don't need to derisk their ecosystem.
>Of the XRP80 billion that Ripple Labs was gifted, Ripple follows a distribution strategy that encompasses payments to business partners such as gateways, market makers and charitable organizations.[24]