A video recently caught attention in the crypto world. In a statement made by famous crypto expert Jason Friedman, the host of the Chain of Blocks YouTube channel, it was shared that Ripple Labs, a leading blockchain payment company, and Amazon, one of the world’s largest technology firms, have similar structures.
According to Friedman, Ripple is following in Amazon’s footsteps. The expert claims that Ripple is adopting the business prototypes used by Amazon in its development process, which have made it a global technology company.
Jeff Bezos and Brad Garlinghouse
Jeff Bezos is the CEO of Amazon, while Brad Garlinghouse continues to serve as the CEO of Ripple. It seems that Friedman has closely observed these individuals. The expert who mentions parallels on behalf of both companies expresses the opinion that the CEOs have similar visions in the early stages of their respective companies.
The first point emphasized by Friedman is Jeff Bezos’ inability to generate profits for Amazon in previous years. He referred to an interview conducted in 1999. In the mentioned interview, Amazon’s CEO Bezos explained that the focus of the company was long-term and this is why they directed their earnings to support the company’s expansion into other departments.
Now, 24 years after the interview, Amazon is one of the most successful companies in the world, and its growth has been much greater than anticipated.
In addition, Friedman didn’t overlook Brad Garlinghouse’s speech at the Token2049 conference in Singapore. According to the analyst, there are parallels between Bezos’ views in 1999 and Garlinghouse’s views.
During the conference, Garlinghouse was asked about the profitability of Ripple. In response to this question, the CEO made a statement similar to Bezos’ response years ago, stating that the company is currently not focused on making profits but rather on focusing on the future.
The Ripple CEO acknowledged the disruptive nature of various factors such as liquidity, the unpredictable volatility of the crypto market, and other macroeconomic events on the crypto market. However, he didn’t refrain from expressing his belief in the future of crypto projects.
Garlinghouse said the following:
We will continue to invest, hire more people, and acquire more companies because I believe in where the world is going.
Ripple CTO’s Statement
David Schwartz, the Chief Technical Officer (CTO) of Ripple Labs, announced that XRP could experience real-world asset (RWA) tokenization after a two-and-a-half-year process, creating excitement. The CTO made the following statement:
I think we will see this within the next year or year and a half.
Schwartz made this statement about three months ago. It should be noted that the statement was part of an interview implying that RWA tokenization is imminent.
