Ripple's new Chief Market Strategest, Cory Johnson, is certainly a known quantity in the traditional financial world. He co-founded TheStreet.com with Jim Cramer of CNBC – that guy who is always crazy for the Wall Street charts and events – and has worked with several startups over the years before joining Bloomberg.
First of all, however, he was a taxi driver in New York City, an occupation that costs about $ 35-50,000 a year, depending on many things, excluding suggestions. In a recent podcast with Benzinga, Johnson expressed his opinion on Ripple, cryptocurrencies and the technologies on which they are based.
XRP can live without ripple
One of the important aspects of the podcast is that Johnson understands that Ripple can die without actually killing XRP. It is true that the primary development of XRP takes place at Ripple Labs and that the company is also largely responsible for market penetration and other advances that XRP (the Ripple token) has done, but nevertheless as an entity in which XRP could survive in the absence of Ripple Labs. Other companies that rely on and rely on it should simply recover the game. As Johnson says:
And if Ripple were to go away, the Johnson family would be pretty sad, but XRP will continue to exist, and many other companies, many base start-ups, many more besides, use XRP as a core technology, once again , to try to find new businesses. And really, the technology for XRP is like Bitcoin two points oh. It's Bitcoin, but it's faster. It's Bitcoin, but it does not use tons of energy. It is Bitcoin, but it is not controlled by Chinese miners. But fundamentally, it is a digital blockchain asset that is used primarily for the movement of value.
Johnson sees Ripple as a Start-Up
Ripple has entered the encrypted space since 2012 and has a large community of supporters and users as well as companies that rely on this. And he was the subject of an important debate around centralization, given some of his technical drawings and cordiality with the banks not to mention the regulators. He was even fined by the United States government.
But Johnson believes that Ripple remains a start-up, despite this position, and this view does not necessarily cast a negative light on the actions it will take as Chief Market Strategist. It mainly means that it considers the company more agile and ready to change the tides of what could be the most established clothes. In his own words:
I really see myself as … I started a little bit of the market radio program with Bloomberg. So, I arrived at a stage in Bloomberg where I was no longer in startups and I wanted something new to set up. Ripple is certainly … It's a great start up. And it's a quick start. A startup that has a lot more traction than some startups, but it's definitely a startup, and it seemed to me really doing the right thing for me, right.
The biggest competitor of Ripple is SWIFT
According to Johnson, Ripple's main commitment is mitigating and accelerating the movement of money across borders in a legal manner. As a result, he does not consider Bitcoin or other cryptocurrencies as a competitor at all – rather, he sees his company competing with SWIFT, which stands for "Society for Worldwide Interbank Financial Telecommunication".
At this time our biggest competitor to the current plan is an international banking division called Swift, and Swift has an arrow rate that measures up to 600 basis points. Imagine sending money from one country to another. You do not know if it's there, you do not know where the information was lost and they never sent you any information when you sent it. You have to wait days and days to receive back or even acknowledge a problem. That was the state of the art until Ripple entered the market. So our customers get this kind of safe stuff about what's happening with their money transfers and they get these Ripple software products instantly in ways they've never seen before. Things like that.
SWIFT is a conglomerate effort by banks to facilitate faster money transfers and is mainly used in Europe.
Johnson Believes Ripple is "Bitcoin 2.0"
During the interview, Johnson called Ripple "Bitcoin two dot oh." He often appreciates the benefits of Ripple on Bitcoin, commenting recently on Twitter the hyper-sensational headlines on the emissions that Bitcoin mining induces.
Puhleese. How about reducing emissions by using a digital asset that does not require mining (like #XRP). "Bitcoin trading could increase global temperatures and CO2 emissions" Business Insider https://t.co/P7o9LT4urk #XRPTheStandard
– Cory Johnson (@CoryTV) October 30, 2018
The interview should interest all Ripple owners as it provides information on the life history and the point of view of the new Chief Market Strategist. Only time will tell if Johnson will remain on Ripple after determining that he is no longer in start-up mode, as he prefers to work in the high-intensity atmosphere of the start-up culture.
Featured image from YouTube
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