Larry Cermak: XRP is Ripple's revenue-generating mechanism, that's all

The Block analyst Larry Cermak commented on Twitter that "Ripple gets $ 200 million in Series C funding", saying that if Ripple somehow makes it a payment company, it will benefit equity holders while XRP holds Those who will gain huge profits. XRP is Ripple's revenue-generating mechanism, and that's it. Ripple has sold $ 1.2 billion worth of XRP to date, accounting for most of its revenue. It's crazy that Ripple has sold $ 260 million worth of XRP over the past four quarters and is still raising $ 200 million in venture capital.