Ripple Eliminates the Position of Chief Market Strategist, Cory Johnson is Out

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Ripple Eliminates the Position of Chief Market Strategist, Cory Johnson is Out

Due to the recent changes in the company’s structure, Cory Johnson has left his position of Ripple’s Chief marketing strategist.

Ripple Eliminates the Position of Chief Market Strategist, Cory Johnson is Out

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Source: CoinSpeaker

Ripple News: Market Sentiment Heats Ripple, Eliminated Cory Johnson From Chief

Ripple’s chief market strategist, Cory Johnson has turned his way from Ripple. A spokesperson from Ripple confirmed that the company is eliminating the position of chief market strategist itself – henceforth the Cory is no longer with Ripple.
As such, the twitter and other social media accounts of Cory are not pointing at Ripple and has been ‘scrubbed from his account’. To note, the present bio of Cory at Twitter says ‘Investor, entrepreneur, crypto influencer and recovering journalist’ and nothing that’s connecting to Ripple.

It was also confirmed by Ripple’s Tom Channick; he points Cory’s Journey at Ripple was a great success. He writes that;
“Cory’s last year at Ripple was a success in representing the company to investors, press, and regulators. Cory helped Ripple with strategy internally and overall industry education. But due to changes in market conditions, we’ve chosen to eliminate the role of Chief Market Strategist.”
Cory’s journey with Ripple since the beginning of 2018 was significant. In fact, he had also appeared as the face of a company on mainstream media platforms. Beside strategic job, he has also contributed to clarifying the confusion of the relationship between Ripple and XRP. In a similar context, Mr. Cory told CNBC during his hiring;
“I’m going to try and explain, listen and set strategies to make it easy for Wall Street and the world of finance to understand what we’re doing. Continuing that; “The role of Ripple as a company and XRP as a currency in financial markets, to regulators, financial institutions and investors could use more explaining,”
Furthermore, the news comes amidst the unfavorable market condition for the native token of Ripple, the XRP. According to the data from coinmarketcap, XRP is not slipped down to the third position and eventually stand behind Ethereum. At press time, XRP is declining with 0.83 percent over the past 24hrs and valuing the average trading volume of $12,428,577,576.

The post Ripple News: Market Sentiment Heats Ripple, Eliminated Cory Johnson From Chief appeared first on Coingape.
Source: CoinGape

Hong Kong-based Crypto Exchange Bit-Z Lists XRP, Allows XRP-USD Trading pair

CoinSpeaker

Hong Kong-based Crypto Exchange Bit-Z Lists XRP, Allows XRP-USD Trading pair

With the growing popularity of XRP, Bit Z’s latest listing can prove to be a game changer.

Hong Kong-based Crypto Exchange Bit-Z Lists XRP, Allows XRP-USD Trading pair

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Source: CoinSpeaker

Ripple officials talk about the advantages of the XRP ledger and the future prospects with xRapid

Ripple’s foray into the world of banking has been marked with several developments and strides that have been demonstrated in the form of products like xVia, xRapid, and xCurrent. In a recent interview, the officials at the San Francisco based cryptocurrency company have revealed a clear picture as to what they want to achieve: taking a cryptocurrency such as XRP into the realm of mainstream banking.
Speaking to Cointelegraph, David Schwartz, the Chief Technology Officer [CTO] at Ripple, elucidated on the XRP ledger and its features. The technology visionary stated that the predominant feature of the XRP ledger was its complete decentralization as no individual or organization controlled it. Schwartz went on to add that every participant on the network enforces every single rule and the system is governed by all of its participants, thereby democratizing the network.
Schwartz was frank enough to admit that concept of Proof of Work [PoW] has kind of hit a dead but that has still not hampered the developments on the XRP ledger. He stated:
“It’s produced actually increasing centralization in systems based on it There’s a lot of work to improve the decentralization and improve the robustness of systems based on distributed agreement protocols.”
The CTO went on to say that the contributors on the Ledger have paved the way for more developments to occur, a phenomenon that he expects to continue for a long time.
The interview also included Cory Johnson, the Chief Marketing Strategist at Ripple, who has been at the forefront of a lot of Ripple events and announcements. Johnson gave his two cents on the ‘Ripple philosophy’, a methodical move to take Ripple and its products mainstream. He stated:
“We’re making software for banks to lower their costs of doing business, or you can think about all of the businesses we’re gonna enable. You can think about all the people who, you know, work hard to send money home to their families, only to give it up mostly in fees to banks? When it comes to moving money across borders, we’ve been pretty focused on just that for some time now. And I think it’s given us a head start.”
Johnson’s comments on cross-border transactions come in the wake of Ripple’s commercial release of xRapid, a software that is aimed to make cross-border transactions much faster than what it is right now. The technology had created news earlier this week when MoneyMatch, a Fintech startup announced that they had used xRapid to send money from Malaysia to Spain. Adrian Yap, the CEO of MoneyMatch stated:
“We’re really proud to make this announcement today as we show clear evidence that a FinTech startup made wholly in Malaysia by young Malaysians is capable of integrating into the Ripple blockchain and performing a live legitimate international money transfer from Malaysia to Europe bringing blockchain innovation to the traditional Malaysian financial services industry.”
This development was a reflection of Corey Johnson’s words when he had pointed out that the main problem with money right now was not moving it from New York to London but rather moving it from Thai Baht to South African Rand.
The post Ripple officials talk about the advantages of the XRP ledger and the future prospects with xRapid appeared first on AMBCrypto.
Source: AMB Crypto

“Bitcoin is Slow When it comes to Money Moving” Says Ripple Chief Market Strategist

Ripple’s Chief Market Strategist, Cory Johnson appeared on the Fox Business talking about XRP and its use case in the remittance industry especially. While explaining the use case he mentioned that the world wants a technology which is fast to move money and hence Ripple has edge over other cryptocurrencies especially calling Bitcoin and Ethereum as slow.
Cory Johnson feels Ripple is the best to move money
Starting his comparison for the remittances industry with Bitcoin [BTC] and Ethereum [ETH], he said that people want speed when it comes to moving money, especially for cross-border payments. For Bitcoin, Johnson stated that Bitcoin and Ethereum are fascinating coins but is not up to the mark in terms of utility.
According to him closing transactions on Bitcoin or Ethereum a major business problem in today’s world is moving money across borders. Furthermore, according to him, Ripple has created several software products which are built to accelerate the process of remittance taking it to as low as a few seconds at low rates. In his opinion, this factor makes XRP of great value for the future.
Johnson clarified that Ripple is 100% percent focusing on businesses and trying to expand its reach to as many institutions as possible so that the payments that take days to clear can be done in seconds. To quote excerpts from Johnson ‘s interview he said
“It is crazy that today I can send a text message to my friend in Rome with emojis and a gif of Neymar falling down and clever stuff … in 3 seconds. But if I want to move money from New York to Mexico City, it takes 5 days and costs over 500 basis points. This is crazy in this era of technology.”
“Fundamentally, money should move as fast as ideas move, as fast as data moves, and right now it doesn’t. And it’s really expensive. …slow moving money really hurts people, especially moving it across borders.”
While explaining the remittance industry current time lag and costs involved he compared XRP to BTC and ETH and said
“Bitcoin’s slow… Ether is slow. XRP moves really really fast just because its technology is a little bit different.”
Also, read: Ripple Reports Sharp Decline in XRP Sales in Quarter 2 of 2018
Why is Ripple so fast in moving money
Ripple in its comparison to show its speed has put up a chart on its website showing settlement speed. While the traditional settlement system takes 3-5 days, BTC takes 1+ hours, ETH takes 2+ mins while XRP takes 4 secs.

Ripples quick systems: As it is visually shown, the dramatic difference in settlement speed between the three-top crypto-currencies, along with the current traditional correspondence banking settlement times. The times quoted here are for what’s known in the crypto world as “on-ledger” transactions, or transactions that take place on the blockchain directly.  Not just “on ledger” Ripple ‘s off ledger system known as XRP Payment Channel ‘s has the highest TPS rate compared to Bitcoin’s lightening and Ethers Raiden
Consensus Protocol: XRP’s consensus mechanism or protocol uses the “Byzantine Consensus Algorithm” to determine if a transaction is legitimate. This also allows the network to be secured with a minimum of electrical power, and much more quickly than Bitcoin and Ethereum that use “proof-of-work.” to validate transactions
XRP doesn’t require mining: Because of its consensus algorithm, XRP doesn’t require centralized mining pools.  This allows its network to truly be decentralized in a way that supports the redundancy provided by a distributed system.  It also saves an exceptional amount of electrical energy and is categorically better for the environment than Bitcoin or Ethereum.
Effect on Speed: RippleNet provides the high-speed rail lines for the next generation of payments.  Like a bullet train of passengers, each ledger contains transactions that can be confirmed in the time it takes to blink.  It achieves these speeds through the use of its confirmation protocol.
Regular Ledger Close Times: Because of the Ripple Protocol, the ledger close times to not vary appreciably like block times. For both Bitcoin and Ethereum, a third party cannot predict with any degree of accuracy how fast a new block will be created. The XRP Ledger, on the other hand, has very regular ledger close times, and each one closes (currently) on average every four seconds (or less). This consistency provides a benchmark that can be used by third parties, software, and other systems to predict normal communication with and from the XRP Ledger at a rate that supports near-instant global commerce.
As Ripple’s MainNet, XRP and the Consensus Protocol are much quicker than BTC and ETH, its moves money more securely, hassle-free, cheaply and yes quickly making it a preferred choice for financial institutions. This is what made Cory Johnson confidently compare and confirm the three cryptocurrencies.
Will XRP and Ripple continue to maintain this advantage over BTC and ETH? Do let us know your views on the same.  
The post “Bitcoin is Slow When it comes to Money Moving” Says Ripple Chief Market Strategist appeared first on Coingape.
Source: CoinGape