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

▲ XRP

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

According to crypto media outlet U.Today on June 19 (local time), Birla recalled Ripple's early situation in 2013 during an interview with Vet from the XRPL Foundation. He described his first experience with XRP technology as “magical.” Evernos is expected to be listed on Nasdaq under the ticker XRPN.

Birla said 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 desks themselves. 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 stated, “We knew this thing, with XRP as its core foundational layer, was going to be big.”

The Ripple team also conducted real payment experiments later that year. They convinced the manager of the nearby Red Door Cafe to accept XRP payments. At the time, the price of XRP was about $0.02. U.Today reported that, based on current XRP prices, a single latte back then would be worth between $120 and $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 Ripple team's goal was an Internet of Value infrastructure that could instantly move tokenized assets and liquidity.

Evernos is now 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 foundational layer. Birla emphasized that after a period of lawsuits and regulatory uncertainty, XRP is returning to the technical potential it held since its first coffee payment.

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