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Top 3 Ways Matt Mellon Contributed to the Cryptocurrency Market

by David Drake Early this week, news that Matt Mellon had passed on shocked everyone in the cryptocurrency world. Mellon, a billionaire banking heir, is not new to cryptocurrency players because he was one of the early investors who reaped big when the market performed really well in 2017. He is known to have made a $2 million investment into cryptocurrencies from which he made a $1 billion in revenue. Though he is gone, Mellon has certainly left an indelible mark in the cryptocurrency industry. Significant Contribution A few years ago, when Mellon decided to backup Ripple, many people thought he had lost his mind. At the time, the technology behind Ripple had not been tested nor proven and it appeared to have no immediate competitors, similar to Western Union. As a result of taking the risk to invest in cryptocurrencies at a very early stage, many players in this ... Read More »

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