Beware of robber banks (RB), bad advisors. ![](https://resources.faireconomy.media/images/emojis/64/1f609.png?v=15.1)
![](https://resources.faireconomy.media/images/emojis/64/1f609.png?v=15.1)
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From markets.businessinsider.com
XRP, a cryptocurrency for international money transfers by the fintech company Ripple, has been on a tear this winter, skyrocketing to the No. 2 cryptocurrency by market cap. That astronomical rise to $2.47 a coin — up from $0.25 in mid-December — has made the co-founder and former CEO of the company one of the world’s richest people. Chris Larsen, who founded Ripple Labs — now known as just Ripple — in 2012, owns 5.19 billion of its XRP cryptocurrency, Forbes reports. At Tuesday’s exchange rate, that gives his holdings a value of $12.82 billion. Forbes also reports that Larsen owns a 17% stake in the ... (full story)