- Crypto expert Jason Friedman drew similarities between Ripple Labs and American tech giant Amazon.
- Friedman suggests Ripple Labs is adopting business models Amazon used in its early years to build into the future.
- Ripple CTO David Schwarz said XRP Ledger is a good platform for users to launch real-world assets tokenization.
In a recent video, crypto expert Jason Friedman, host of the A Chain of Blocks YouTube Channel, suggested blockchain payment service company Ripple Labs is modeling its business after that of American tech giant Amazon.
Friedman referenced a 1999 late-night interview where Jeff Bezos explained why Amazon had not reported profits in previous years. Bezos said most of the company’s profits go into reinvesting in other aspects of the company in what he referred to as long-term plans.
Friedman drew similarities between Bezos’ statement and that of Ripple Labs chief executive officer Brad Garlinghouse at the Token2049 conference in Singapore. When asked about the profitability of Ripple at the conference, Garlinghouse stated that the focus for the company is not profitability but where the business will be in later years.
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