“Chris Larsen, co-founder of Ripple, [crypto that banksers use] paid $4 million to install thousands of cameras in the city of San Francisco to combat crime.
Background: In August 2012, Jed McCaleb hired Chris Larsen and they approached Ryan Fugger with
their digital currency idea.
Fugger was thinking ripple blockchain coin first for the purpose of replacing SWIFT which all the banks use worldwide to transfer funds. After discussions with McCaleb Fugger sold his business to them.
Why did Ryan Fugger have the idea in the first place?
His family was in the banking business for centuries.
The Fuggerei, the oldest private social housing complex in Europe, aims to provide homes to vulnerable people in the city of Augsburg, Germany.
Early Notables of the Fugger family (pre 1700) Prominent among members of the name Fugger in this period include Jakob Fugger (1398-1469), known as Jakob Fugger the Elder to distinguish him from his son Jakob Fugger a German master weaver, town councillor and merchant, the founder of the Fugger dynasty; Georg Fugger von der Lilie (1453-1506)
Fugger (German pronunciation: ) is a German upper bourgeois family that was historically a prominent group of European bankers, members of the fifteenth- and sixteenth-century mercantile patriciate of Augsburg, international mercantile bankers, and venture capitalists. Alongside the Welser family, the Fugger family controlled much of the European economy in the sixteenth century and accumulated …
The Fuggerei was founded in 1521 by Jakob Fugger, an important German merchant and banker. The people must say 3 prayers for the Fugger family.
Just as they were when Fuggerei was established, they are still required to say their three daily prayers – the Our Father, Ave Maria and Apostles’ Creed.
Ripple Spends $170,000 on Trump’s Staff to Shape Crypto Regulation in the U.S. in 2019
Why Is a Tech Executive Installing Security Cameras Around San Francisco?
Chris Larsen knows that a crypto mogul spending his own money for a city’s camera surveillance system might sound creepy. He’s here to explain why it’s not.