Jake Claver

And then that was by OpenCoin.

OpenCoin gifted 80% of the supply to Ripple.

The founders kept 20%, which is pretty common across most of the assets that are out there.

A lot of them have sold off over the years.

Ripple rebranded at Ripple's, and that's where everybody else kind of still gets confused on it.

In 2014, the IMF came out with a white paper talking about an exchange rate peg, and their abbreviation in that white paper was XRP.

Got it.

Shortly after that, Ripple rebranded the token XRP, and it's been that ever since.

So it's its own decentralized open source network.

I would argue actually more decentralized than some of the other networks, but we'll save that conversation.

So the whole premise behind this,

The stigma in this space is it's the banker's coin, right?

And I would actually say, yes, it is the banker's coin.

It's what banks are going to use to settle between counterparties across borders.

I believe it's what will end up settling the back end of the stock market, the FX market commodities, eventually being labeled a tier one asset by the BIS.

Wow.

So you're that confident?

Yes.

Have you seen like sort of like documents on this or you're just like –

Um, I've been really blessed to be in rooms and have some conversations with some people.