Ripple was actually one of the greatest success stories in the crypto world, it was the third largest currency after Bitcoin and Ether. Two years ago, co-founder Chris Larsen briefly rose to become the fifth richest person in the world, ahead of Facebook founder Mark Zuckerberg.
Just a year ago, CEO Brad Garlinghouse – also a multibillionaire – announced an IPO and was able to win global financial players such as the major Swiss bank UBS, the Spanish Santander and American Express as partners. The company environment was otherwise dazzling: The former Minister of Economic Affairs and Defense, Karl-Theodor zu Guttenberg, came on board as a consultant in 2014 and actor Ashton Kutcher advertised Ripple extensively on the popular talk show Ellen in 2018.
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