Altcoins

Cory Johnson: Ripple (XRP) is in Regular Talks Throughout Washington

Ripple’s Chief Marketing Strategist, Cory Johnson recently gave a long and deep interview covering list of insights on company’s vision and key products. One of the key highlights of the interview however was the information that the organization has had numerous conversations with the Trump administration.

According to Johnson, Trump administration has a deep insight into the Ripple product. “The White House in particular seems to be thinking about what it means to have 80 percent of bitcoin mining taking place in China and a majority of Ether mining taking place in China…And in conversations we’ve had with the administration, they seem to get that and think that might matter”, explained Johnson.

While going deep into details of the reported conversations he did not however provide exact names and topics. Meanwhile he said: “so we haven’t said who we’ve talked to. But we’re in regular talks throughout Washington, and we meet with regulators as well as politicians. We’ve got a whole team that’s devoted to doing that, not just in the U.S., but worldwide. Our regulatory team, they jump on planes like their pants are on fire”.

Ripple and XRP

Further on Johnson went on commenting on Ripple and its token of XRP. He compared the company and its token to Chevron and oil highlighting that they are the facilitator and not the controller of the digital currency. His comments on the matter stated: “it’s the same as oil and Chevron. Chevron has a vested interest in oil…

… You can buy shares in Chevron like crazy, and it doesn’t give you any right to the world’s oil. You can buy every barrel of oil you can find, but that doesn’t give you any rights to Chevron. All that applies to Ripple and XRP: Ripple doesn’t control XRP. XRP is decentralized in a way that Ripple can’t control it, even if we wanted to…People say Ripple’s centralized because we control XRP validators. Well, we don’t. We operate 10 validators; there are 150 known to be out there. Or they say it’s centralized because we own a lot of it. We own about 60 percent of it”.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Ripple News tech - the leading media related to Ripple (XRP) and blockchain technology

Copyright © 2018 Ripple News Tech

To Top