More

    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.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    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

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,367FansLike
    2,784FollowersFollow
    4,133FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    General Motors (GM) Files Blockchain-Based Map Network Patent for Autonomous Vehicles

    General Motors (GM) plans to build a self-updating navigation system on blockchain to allow use across “specific roads” on autonomous vehicles. In a newly...

    BTC Proposes a Greater Value Than Gold; $670M Transferred For 26 Cents Within Its Network

    Bitcoin’s value proposition in fund transfers is so far one of the most cost-friendly avenues to send money globally. A recent transaction within its...

    COVID-19's Impact On The Economy Claims Another Business as Cambrial Capital to Shut Down

    Cambrial Capital which focuses on a Crypto fund of funds is set to shut down its operations in the near future according to insiders...

    Apple’s New Intelligent Prevention Tracking (ITP) on iOS Threatens Burner Wallets Existence

    Apple’s recent upgrade on the Safari WebKit might soon phase out the convenience of burner wallets within the cryptocurrency space for its users. ...

    Galaxy Digital's Mike Novogratz: This Is The Year For BTC Or I Might ‘Hang Up My Spurs'

    Bitcoin proponent, Mike Novogratz is still “most excited” about the world's leading cryptocurrency but “if it doesn't go all out by the end of...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.