Think about it. Ripple has one company running in Luxembourg which is called Ripple Luxembourg S.A.
For the year ended 2018 Ripple Luxembourg S.A. reported EUR 529,630.89 in total assets and has a net equity of EUR 91,220.09. The loss for the year was EUR 7,730.26.
Is this entity of any significance to the Luxembourg economy? The local comer shop make more profit and has more assets on the balance sheet; never the less the Luxembourg Finance Minister is travelling to San Francisco to meet with this very own company?
What is wrong in this picture? This does not make sense, and if something doesn’t make sense, then we most certainly don’t know the full picture. If people would pay more attention, then the price would go nuts of pure speculation.
Those who read this know this already, but the people on the street are blind or are more interest what the Kardashian’s are doing to quote another famous YouTuber.
Just an interesting side note the board of managers is made up of Christian Larsen, Bradley Garlinghouse and Ron Will (CFO).
@sentosumosaba, @HamEggsnSam
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