US government is very positive about XRP and Ripple

_{Image source: images.google.com}

Cory Johnson, Ripples new chief market strategist for eight months, has had a very interesting interview with Breaker. He said that the US government under Trump is very positive about Ripple and XRP. As Johnson explained, there are regular discussions between Ripple and the regulators, as well as with politicians.

His job as chief market strategist is to educate the public about Ripple. When he started his new job eight months ago, he said he had "caught tons of FUD" surrounding the company and the cryptocurrency XRP. On the one hand, the public is inclined to equate the company with Ripple and the XRP token. On the other hand, the issue of decentralization is often misrepresented simply because ripple owns 60 percent of the supply of XRP.

Irrespective of this, Ripple could achieve great successes. On the launch of xRapid and on the question of how long it will take until big banks use the product, he explains:

We definitely already have major banks on the platform: Standard Chartered; Santander, the largest bank in Spain; Itaú [Unibanco], the largest bank in Brazil (Note: the banks are part of the RippleNet). But when traveling in Asia or the Middle East, you'll see changing companies on every corner. That's because banks are not the way money moves in these countries - it's moved by companies that make transfers. What we see are many and many smaller companies - ones that I've never heard of before I started registering and using our software. At first it will not be the big, established players.

In response to the question of what the White House and the Trump government think about Ripple, Johnson explained:

I was really surprised by the open-mindedness. Secondly, I was surprised at the smart questions, sometimes even the difficult questions. There is clearly a lot of homework. In particular, the White House seems to be considering what it means that 80 percent of bitcoin mining is in China and much of the ether mining is in China. If you look at XRP, there is no mining, so XRP is a different thing from the point of view of third-party control or the environment. And in conversations we have had with the administration, they seem to understand that and think that might be important.

---

_{Don't miss out on my next post! Follow me @tradewonk / tradewonk.com}