April 23, 2018 247By Nathan Bentley
“Mellon got turned on to XRP, spending some $2 million to acquire coins, which he liked because it's one of the few cryptocurrencies that are working within the banking system. "Crypto is scary and dark. It's anti-America," says Mellon, 54. "I am pro-America, pro-business and pro-bank. That's why I went with Ripple." Mellon's XRP is worth around $1 billion. Recently divorced, he parties in a posh Los Angeles house he rents for $150,000 month. "It's $1 billion virtually for free. I actually have earned it because I was the only person who was willing to raise his hand," says Mellon. "My family thought I was insane, when I knew it was a home run." ”This of course plays great sentiment to Ripple and XRP. When one of the most prolific financial minds in recent history believes in a movement to the point he invests $2Million into it, you could argue that Matthew did of course see something coming with XRP. The turn over of his investment into a sharp $1Billion, furthers this sentiment. We know that in death, ownership of cryptocurrency becomes quite contested. It is a new technology and thus it’s legal bindings are still not fully understood. What will happen to Matthews XRP is of course down to this family. Once again, our thoughts go out to all who knew Matthew and the Mellon family. He was a huge part of the cryptocurrency revolution and will be sadly missed.