heard of Bitcoin encrypt OHS which you
may not realize is cryptocurrency like
everything else has it's very own
and phrases in the dictionary but they
could be worth learning every day you'll
find more and more stories in the news
of people becoming multimillionaires
practically overnight by investing their
wealth in crypto currencies so who's the
person at the top of this new industry
introducing Chris Larson currently the
richest person in cryptocurrency Forbes
estimated his worth at 59 billion
dollars in January 2008 deep putting him
fifth on their list of the world's
richest people less than two weeks later
Larson lost forty four billion dollars
on paper during the cryptocurrency crash
Oh such are the highs and lows of
cryptos out for someone like Larson
whose net worth is linked to the fifteen
point six billion ripple XRP tokens he
owns he can only shrug this setback off
and hold on Larson is a hold ler keeping
alive the hope that lost value will in
time return Chris Larson is known as a
quintessential serial entrepreneur with
a special interest in co-founding
FinTech companies he started one of the
first online lenders called alone during
the 90s by the year 2000 Yvonne had an
estimated market value of 1 billion
dollars he co-founded the first ever
peer-to-peer lending service named
prosper in 2006 Larson resigned as CEO
in 2012 to concentrate on a new project
which utilized blockchain technology he
co-founded open coin since renamed to
ripple labs Inc in 2013
which introduced its own cryptocurrency
called XRP which functions in a similar
way to Bitcoin as of May 2008 een ripple
is the third leading cryptocurrency in
the world by market cap but ripple is
much more than just another
cryptocurrency
the company began by developing a
payment processing protocol named ripple
ripple was designed to enable
near-instant financial transfers with
very low transaction fees in 2017
American Express partnered with ripple
to create a blockchain based payment
infrastructure
MoneyGram announced in 2018 that it
would integrate ripples xrp into its
payment system the company remains one
of the hottest blockchain based
investments and larson successful track
record has been key to that
so what are some secret to success to
put it simply taking risks as Larsen
himself says takes a plunge don't hold
back the consequences of failure are
usually much smaller than you think
but don't be afraid to iterate your
ideas as you search for that compelling
mission for your business as Larsen guys
yet another FinTech business through a
strategy of successful growth his advice
is well worth listening to you thanks
for watching this video what are your
thoughts on crypto currencies we look
forward to making a video on your
billion dollar success story one day
don't forget to click the subscribe
button to see how other billionaires got
to where they are today
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