In Fortune
From my article on Fortune.com, posted July 29, 2021
Nine years ago a startup that would eventually be called Ripple Labs came onto the fintech scene with a promising plan to provide financial institutions with fast, low-cost clearance of trans-border money transfers. To make it happen, the company set up a network on which transactions sped across the globe in the form of a cryptocurrency called XRP, which was specially created for the task.
But thanks to its eventual popularity outside of that application, XRP has turned out to be a sort of time bomb with a very long fuse for Ripple….Read more
David H. Freedman 