Ripple CTO Stefan Thomas discusses the company's funding history and revenue mechanisms with Nathan Latka.
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“So we raised ninety four million dollars through sort of VC funding. And then we also sell some of the digital asset XRP.”
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More from Stefan Thomas
Opinion
Thomas: Many Crypto Coins May Just Be Ways to Raise 'Dumb Money'
“I think with a lot of these coins that we're seeing, you know, that question is a little bit dubious, and so I think you really have to look at each individual instance and really understand, you know, why are they using the technology, and how is it benefitin…”
Stefan ThomasNov 7, 2017▶ 4:02836: Crypto: $94m Raised to Be Enterprise Blockchain for Global Payments
Insight
Thomas: Ledger interoperability does not alter individual ledger compliance enforcement
“Interoperability is, is, you know, doesn't affect how your compliance works, right? So the fact that you can interact with other ledgers doesn't change how your particular ledger enforces compliance.”
Stefan ThomasNov 7, 2017▶ 6:02836: Crypto: $94m Raised to Be Enterprise Blockchain for Global Payments
AssertionPartly supported
Thomas: SCB and SBI Remit use Ripple to cut remittance costs by 90%
“So they are licensing our technology, and then another company called SBI Remit in Japan is also licensing our technology. So they've come together and they've created a partnership where people in Japan, there's about 45,000 Thai people that are living in Jap…”
Stefan ThomasNov 7, 2017▶ 10:30836: Crypto: $94m Raised to Be Enterprise Blockchain for Global Payments
Insight
Thomas: Monolithic public blockchains cannot efficiently serve diverse use cases
“When you have these sort of huge public shared ledgers it's very difficult to make changes, and also it's very difficult to serve the huge diversity of use cases between different users.”
Stefan ThomasNov 7, 2017▶ 11:31836: Crypto: $94m Raised to Be Enterprise Blockchain for Global Payments
Insight
Thomas: Pursuing 100+ Blockchain Use Cases Destroys Network Effects
“If you have a 144 use cases, you might as well have zero. It's very difficult to actually achieve any traction in any of them create any network effects and so on.”
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Opinion
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“We think the real challenge and the real interesting technology is going to be in the interoperability between all these systems. And again, not just blockchain, but also central ledgers, because sometimes that's the best solution.”
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