/biz/ - Business & Finance

>>23027438
>why would they create a XRP foundation?
To make money. They attempted to get in on the Cryptocurrency boom and hoped to have institutional adoption. They are in the industry of financial technology.
>Why Would Jeb transfer his XRP to a fund?
Because institutions were not adopting. Very few did. It was not a success. Ripple needs a way to make money. So what else were they going to do with it? If they dumped all 55 billion ripple at once it would be seen as a rug pull and the price would go to zero. If they dump over time then they would make more profit.

>>23027451
>Ripple didn't make Flare
It doesn't matter who made it. XRP holders are about get double their holdings. Similar to what happened with BTC holders during the forks. The difference is that XRP/Flare are tied together, which will devalue them both by half.
Where are the customers going to come from that will buy both XRP and Flare at 25c~?

>>23027514
>also ripple just won oracle based patent exchange in US
The person who submitted the patent no longer works at Ripple.
https://www.crypto-news-flash.com/ripple-labs-obtains-patent-for-smart-oracle-system/
Did you actually read the patent anon?
https://uspto.report/patent/grant/10,789,068#D00001
It has nothing about incentivizing good data. It has nothing about node operations. It has nothing about cross chain data operations. They are very behind on solving the Oracle problem.