Cryptocurrency Ripple co-founder among world’s richest, surpasses Google founders in net worth

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Business Cryptocurrency Ripple co-founder among world’s richest, surpasses Google founders in net worth Bitcoin’s rival cryptocurrency Ripple’s Co-founder Chris Larsen has now surpassed Google Founders Larry Page and Sergey Brin in , Reuters Share DNA Web Team Friday 5 January 2018 13:48 IST Bitcoin’s rival cryptocurrency Ripple’s Co-founder Chris Larsen has now surpassed Google Founders…

Business Cryptocurrency Ripple co-founder among world’s richest, surpasses Google founders in net worth Bitcoin’s rival cryptocurrency Ripple’s Co-founder Chris Larsen has now surpassed Google Founders Larry Page and Sergey Brin in , Reuters Share DNA Web Team Friday 5 January 2018 13:48 IST
Bitcoin’s rival cryptocurrency Ripple’s Co-founder Chris Larsen has now surpassed Google Founders Larry Page and Sergey Brin in terms of net worth. On papers, Larsen now has a net worth of $59.8 billion and has entered in the league of world’s richest people.
Google founders Larry Page and Sergey Brin has a net worth of $50.8 billion and $49.3 billion respectively.

The surge in Larsen net worth came after the price of Ripple rose to as much as $3.84 on Thursday. Ripple became the world’s second largest cryptocurrency surpassing Ethereum last week.
According to a report in CNBC, the co-founder and executive chairman of Ripple is now among the top five richest people in America.

Chris Larsen is a co-founder and executive chairman of Ripple and has 5.19 billion of the company’s digital coin XRP with a 17 per cent stake in the company, Forbes reported citing sources at Ripple.

Also read Bitcoin impact: New digital currency TRON surges 100% in one day, here’s all you need to know
With XRP hitting a high of $3.84 on Thursday, Larsen’s holdings are now worth about $59.

9 billion.
Ripple is the he San Francisco-based start-up, who is using blockchain technology to develop a payments network. At present, there are more than 100 financial institutions who are using the company’s platform. According to Ripple’s website, its XRP coin has a four-second settlement time, versus more than two minutes for ethereum and over an hour for bitcoin. Also read Bitcoin transactions are illegal and risky, Finance Minister Arun Jaitely tells Parliament
Meanwhile, another digital currency TRON witnessed a huge surge on Thursday. On January 4, the digital currency traded around $ 0.15, which is approximately 100 per cent higher than the previous session’s closing.

After touching the massive heights, the market capitalization of TRON jumped to $10 billion. So far in 2018, Tron has had a huge start with the currency going up by double digits every day of the year. As mentioned earlier, the market capitalisation of Tron (TRX) has risen to over $10 billion by $3 billion.

Also read
Tron is a blockchain-based, open-source protocol for the global digital entertainment industry in which TRX, Tron’s token, is circulated.

It was founded by Justin Sun. It was after Sun’s tweet when the currency saw an uptick on indices.
But back at home, the Government had cautioned investors against the bubble of cryptocurrency.
“Cryptocurrencies like Bitcoin are not legally recognised in India as they are not a legal tender,” Arun Jaitley said in Rajya Sabha, clarifying that there is no consumer protection for those using Bitcoins as transactions are prone to hacking.
He told the House that since 2013, both the Reserve Bank of India and the Centre have consistently maintained that it’s not a lawful legal tender.

But what is Bitcoin and why everyone is minting money by investing despite the government’s warning. Watch the following video to know more..

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