Ripple Executive: “Firm Currently In Talks With Trump's Administration Regarding XRP Adoption”

Ripple has been on a partnership spree over the last year or so, with the firm intent on increasing the adoptability of its financial offerings within the global payment landscape. In this regard, Ripple’s team has already met with officials from the White House as part of their latest expansion strategy.

According to Ripple’s Chief Strategist, Cory Johnson, his company’s representatives have actively been talking to a lot of senior politicians and policymakers over the past few months (so as to increase Ripple’s overall market credibility). Additionally, it is also worth remembering that the firm has been quite active within the global political scene, with the likes of Bill Clinton recently talking at the Swell 2018 conference (which was hosted by the Ripple Foundation).

Lastly, Ripple has also been at the forefront of pushing for “more flexible, crypto-friendly regulations” in the past, with the company becoming a part of SAIVC (Securing America’s Internet of Value Coalition), an organization that actively lobby’s to usher in crypto oriented changes via political channels.

About Ripple’s Journey to Washington

In a recent interview, Johnson mentioned that he along with some of his other company personnel had initiated talks with President Trump and his staff. He noted that one of the most unique aspects of their conversation was the “open-mindedness” of the current regime to the ideas being presented.

Elaborating on the issue, Johnson said:

“When I started to meet with people in government and regulators, I had very low expectations. I have been truly amazed at the open-mindedness, number one. And number two, the smart questions, sometimes even tough questions. There’s clearly a lot of homework going on. 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.”

He then went on to expound upon XRP’s core advantages by saying:

“When you look at XRP, there is no mining, so from a foreign-control aspect or from an environmental aspect, XRP is a very different beast. And in conversations we’ve had with the administration, they seem to get that and think that might matter.”

Final Take

Whether Cory’s talks will bear fruit for Ripple anytime soon remains to be seen. However, the fact that the current United States government is at least open to the idea of embracing digital currencies is a feat unto itself.

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Shiraz J
Shiraz is a multi-year cryptocurrency analyst and blockchain journalist residing in Melbourne, Australia. When he is not writing about the bitcoin ecosystem, he enjoys the art of meditation, playing the blues and traveling the world.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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