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So How Does Ripple Make Money?


mm34505
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  • 4 weeks later...
On 10/28/2020 at 5:58 PM, xerxesramesepolybius said:

Two years later we know. Selling XRP while trying to give the impression their loss making software business is successful

Ripple's sales..
$1,500,000 per sale (average estimates) 
  x 400   clients
= $600,000,000  to cover expenses.
+ $200,000,000 Series C funding.

*Ripple has $800,000,000 million dollars*
Since XRP is integral in ODL, they'll continue to build out ODL on ramps and increase liquidity.

Btw:  $800 million means they don't really need to sell XRP to raise money. Instead they are selling to distribute xrp into the eco system.
 

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  • 3 weeks later...
On 11/25/2020 at 6:13 PM, benstr said:

Ripple's sales..
$1,500,000 per sale (average estimates) 
  x 400   clients
= $600,000,000  to cover expenses.
+ $200,000,000 Series C funding.

*Ripple has $800,000,000 million dollars*
Since XRP is integral in ODL, they'll continue to build out ODL on ramps and increase liquidity.

Btw:  $800 million means they don't really need to sell XRP to raise money. Instead they are selling to distribute xrp into the eco system.
 

Brad has publicly admitted they would lose money if they didn't sell XRP. It doesn't matter what numbers you make up about revenues.

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On 12/12/2020 at 12:11 PM, xerxesramesepolybius said:

Brad has publicly admitted they would lose money if they didn't sell XRP

I'm sure that quote was from 2+ years ago.

If you notice the past 3 quarterly reports, programmable sales have dropped to zero. So Ripple has operated without XRP sales for at least 3 quarters.

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