Evernos CEO Bets 473 Million XRP...Recalling the Early Days

▲ XRP

Ashish Birla, CEO of Evernos, revealed Ripple's early days, emphasizing that XRP is returning to its core mission as a global financial infrastructure.

According to U.Today, a cryptocurrency specialized media outlet, on June 19 (local time), Birla recalled the early days of Ripple in 2013 during an interview with Vet from the XRPL Foundation. He described his first experience with XRP technology as "magical." Evernos is planning to list on Nasdaq with the ticker XRPN.

Birla stated that in late 2013, Ripple's first team worked in a cramped office on Second Street in San Francisco. The office had no air conditioning. Employees opened windows to cope with the heat. They even assembled their own desks. Ripple co-founder Chris Larsen encouraged them to save costs.

However, the energy inside the office was different. Arthur Britto designed structures on a whiteboard. David Schwartz explained the XRP Ledger's unique consensus system. Birla said, "We knew this thing, with XRP as the core foundational layer, was going to be big."

The Ripple team also embarked on real payment experiments later that year. They convinced the manager of the nearby Red Door Cafe to accept XRP payments. At that time, the price of XRP was approximately $0.02. U.Today reported that based on current XRP prices, a single latte back then would be equivalent to $120 to $150.

Birla described this experience as his "Bitcoin pizza" story. He believed that even then, the network demonstrated its built-in value exchange capabilities. The goal pursued by the Ripple team was an Internet of Value infrastructure that instantly moves tokenized assets and liquidity.

Evernos is currently continuing this philosophy as its business strategy. The company holds 473 million XRP on its balance sheet. Evernos plans to launch regulated decentralized financial products using the XRP Ledger as its base layer. Birla emphasized that as the time of lawsuits and regulatory uncertainty passes, XRP is returning to the technical potential it held since its first coffee payment.

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