The company created bounty programmes for developers to find problems in x r ps ledger code. Part of the strategy, i believe, is to sell x r p to as many speculative investors as possible. If they're making all this money, but there's no customers other than speculators buying it, somebody needs to go to jail....
Jason's Twitter thread on the SEC suing Ripple: https://twitter.com/Jason/status/1341503149245272064
SEC Complaint: https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf
FOLLOW Jason: https://linktr.ee/calacanis